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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