Sell Zinc Dec @ 287 SL 290 TGT 284-282. MCX - Kedia Advisory
Aluminium
Observations
Aluminium trading range for the day is 240.4-244.6.
Aluminium gains supported by emerging signals of firmer demand in China
Global aluminium producers have offered Japanese buyers premiums of $230-$260 per metric ton for January-March primary metal shipments.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.7% from last Friday
SELL ALUMINIUM DEC @ 243.5 SL 245.5 TGT 241-240. MCX
Copper
Observations
Copper trading range for the day is 801.2-815.4.
Copper gains amid positive signs have emerged in China.
SHFE inventories falling by two-thirds since the beginning of the month 6 to 108.775 tonnes.
US President Donald Trump has threatened to impose tariffs on imports, which would hurt economic growth and metal consumption.
SELL COPPER DEC @ 812 SL 816 TGT 808-802. MCX
Zinc
Observations
Zinc trading range for the day is 282.6-288.8.
Zinc dropped as Chinese demand has been subdued amid a downturn in the property sectors.
SHFE inventories fell 10.6% from last Friday.
Under the background of winter stockpiling, the overall supply of ore remains tight
SELL ZINC DEC @ 287 SL 290 TGT 284-282. MCX
