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Aluminium

Observations

Aluminium trading range for the day is 204.9-209.3.

Aluminium prices dropped due to increased stocks in LME-approved warehouses.

Chinese manufacturing activity contracted in December, but private survey showed unexpected growth.

Expectations of further policy easing by the People's Bank of China.

SELL ALUMINIUM JAN @ 209 SL 211 TGT 206.5-205. MCX

Copper

Observations

Copper trading range for the day is 722.1-732.5.

Copper prices dropped as dollar rose and concerns about demand in China grew.

China's manufacturing activity shrank for a third straight month in December.

Expectations of copper market surpluses reflected in low cash over three-month contract.

SELL COPPER JAN @ 730 SL 734 TGT 726-722. MCX

Zinc

Observations

Zinc trading range for the day is 225-232.4.

Zinc prices dropped as China's official PMI fell to 49 in December.

Global zinc market deficit eased to 52,500 metric tons in October.

Year-on-year increase of 10.62% in China's refined zinc output.

SELL ZINC JAN @ 230 SL 232 TGT 227-225. MCX