SELL ZINC FEB @ 267 SL 269 TGT 265-263. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM FEB @ 259 SL 261 TGT 257-255. MCX
OBSERVATIONS
Aluminium trading range for the day is 253.8-264.2.
Aluminium dropped amid resumption of aluminium production in China
China's aluminum production in January 2025 (31 days) increased by 3.8% YoY
Russian aluminium stocks in LME warehouses available to the market rose in January from December.
COPPER
SELL COPPER FEB @ 856 SL 860 TGT 850-845. MCX
OBSERVATIONS
Copper trading range for the day is 841.5-871.5.
Copper fell after US President Trump refrained from placing tariffs on imports of copper, as previously threatened.
US manufacturing activity unexpectedly expanded for the first time in over two years
China aims to increase domestic copper ore resources by 5 – 10% by 2027
ZINC
SELL ZINC FEB @ 267 SL 269 TGT 265-263. MCX
OBSERVATIONS
Zinc trading range for the day is 262.8-272.
Zinc dropped as investors worried that new U.S. tariffs and a potential global trade war will curb economic growth.
U.S. President Trump substantially raised tariffs on steel and aluminium imports to a flat 25% “without exceptions or exemptions”.
Inventories in warehouses monitored by the Shanghai Futures Exchange rose 81.8% from last release on Jan 24
