Sell Zinc AUG @ 385 SL 388 TGT 382-379. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM AUG @ 342 SL 345 TGT 339-337. MCX
Observations
Aluminium trading range for the day is 337.3-343.7.
Aluminium gains amid supply concerns lower LME stocks.
Alcoa lowered its 2026 alumina production guidance by 200,000–300,000 tonnes to 9.5–9.6 million tonnes.
Global primary aluminium output in June fell 1.5% year-on-year to 5.98 million metric tons
COPPER
SELL COPPER AUG @ 1345 SL 1355 TGT 1335-1325. MCX
Observations
Copper trading range for the day is 1327.2-1355.2.
Copper rose following increased risk appetite in equity markets and worries about a lack of visible stocks outside the U.S.
Glencore boosts copper output by 15%, maintains full-year guidance amid strong H1 performance
First quantum boosts Zambian copper output by 5% in h1 2026, on track for annual targets
ZINC
SELL ZINC AUG @ 385 SL 388 TGT 382-379. MCX
Observations
Zinc trading range for the day is 379.8-386.2.
Zinc gains as a mine in Southwest China is expected to reduce zinc concentrate production by approximately 1,000 tonnes.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.6% from last Friday.
China's factory activity unexpectedly slipped into contraction in July, pressured by shrinking new orders.
