SELL ZINC JUN @ 253.5 SL 255.5 TGT 251.5-250. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM JUN @ 243.5 SL 245.5 TGT 241.5-240. MCX
OBSERVATIONS
Aluminium trading range for the day is 239.6-244.2.
Aluminium settled flat amid mounting concerns over weakening demand in China
China's aluminium production rose by 5.0 % to 3.83 million metric tons in May from a year earlier.
Aluminium stocks at Japanese ports rose to 331,000 metric tons in May, up 3.3% from the previous month.
COPPER
SELL COPPER JUN @ 880 SL 885 TGT 875-860. MCX
OBSERVATIONS
Copper trading range for the day is 872.2-883.6.
Copper gains after higher consumer spending in China raised hopes of a boost to metals demand.
LME copper inventories dropped by another 7,300 tons to 107,325.
Comex premium over LME copper to $927 a ton, down from $969 on Friday
ZINC
SELL ZINC JUN @ 253.5 SL 255.5 TGT 251.5-250. MCX
OBSERVATIONS
Zinc trading range for the day is 248.8-254.8.
Zinc gains as broader market sentiment steadied despite ongoing geopolitical tensions.
China’s May retail sales beat forecasts, industrial output missed.
Weak Chinese manufacturing demand continues to limit zinc buying.
