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2025-07-07 09:46:51 am | Source: Kedia Advisory
Sell Zinc Jul @ 257 SL 259 TGT 255-253. MCX - Kedia Advisory
Sell Zinc Jul @ 257 SL 259 TGT 255-253. MCX - Kedia Advisory

ALUMINIUM

SELL ALUMINIUM JUL @ 249 SL 251 TGT 247-245. MCX

Observations

Aluminium trading range for the day is 247-250.

Aluminium dropped as LME stocks climbed more than 20,000 tons to 356,975 tons since June 25.

Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.40% from last Friday.

The manufacturing PMI compiled by the official Chinese NBS reflected another month of contraction in the sector.

 

COPPER

SELL COPPER JUL @ 893 SL 898 TGT 888-884. MCX

Observations

Copper trading range for the day is 882.2-902.2.

Copper slipped as renewed demand concerns weighed on sentiment.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 3.7% from last Friday.

The COMEX copper premium over LME prices stood at around $1,300 a ton, while canceled warrants, totalled 31,900 tons.

 

ZINC

SELL ZINC JUL @ 257 SL 259 TGT 255-253. MCX

Observations

Zinc trading range for the day is 254.8-259.4.

Zinc prices dropped as SHFE inventories rose 4% from last Friday

Dollar index rebounded after stronger-than-expected US jobs data eased labor market slowdown worries.

China’s official PMI stayed in contraction, keeping zinc demand outlook pressured by manufacturing weakness.

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