SELL ZINC FEB @ 323 SL 326 TGT 320-317. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM FEB @ 310 SL 312 TGT 308-306. MCX
Observations
Aluminium trading range for the day is 303.1-319.7.
Aluminium dropped as China’s refined aluminium production, up 2.9% year-on-year
China’s manufacturing sector growth accelerates at the start of 2026:
S&P PBOC lowers one-year policy loan rate to record low 1.5% to boost economy
Copper
SELL COPPER FEB @ 1250 SL 1260 TGT 1240-1230. MCX
Observations
Copper trading range for the day is 1198.6-1325.6.
Copper dropped pressured by a stronger dollar and rising metal availability in exchange stockpiles.
China Nonferrous Metals Industry Association forecast that the country’s refined copper output would rise about 5% this year.
Chile's state copper commission Cochilco predicted that the average price for the red metal will hit $4.95 per pound this year
Zinc
SELL ZINC FEB @ 323 SL 326 TGT 320-317. MCX
Observations
Zinc trading range for the day is 317.4-328.8.
Zinc dropped as China’s refined zinc production was reported at 675,000 mt in December 2025, a record high.
Pressure also seen amid dragged down by revived demand concerns triggered by a raft of remaining weak data in China.
However downside seen limited as investors saw supply concerns and demand prospects remain supportive for the metal.
