Sell Zinc JUN @ 258 SL 260 TGT 256-254. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM JUN @ 238 SL 240 TGT 236-234. MCX
OBSERVATIONS
Aluminium trading range for the day is 236-238.4.
Aluminium dropped amid persistent concerns over global manufacturing and easing supply constraints.
China cut benchmark lending rates for the first time since October, and major state banks lowered deposit rates.
Global primary aluminium output in April rose 2.2% year on year to 6.033 million tonnes
COPPER
SELL COPPER JUN @ 868 SL 872 TGT 864-860. MCX
OBSERVATIONS
Copper trading range for the day is 862.2-871.
Copper dropped as risks to manufacturing demand amplified the impact of ample copper supply.
Copper inventories in warehouses monitored by the SHFE fell 9% to 98,671 tons.
Stocks in the LME-registered warehouses lost 8% to 164,725 amid continuing inflows into the COMEX-owned warehouses.
ZINC
SELL ZINC JUN @ 258 SL 260 TGT 256-254. MCX
OBSERVATIONS
Zinc trading range for the day is 255.7-258.9.
Zinc rises on low-level buying in thin trade despite U.S. tariff uncertainty.
The global zinc market surplus fell to 23,700 metric tons in March from 75,900 tons in February
Zinc inventories in warehouses monitored by SHFE fell 4.9% from last Friday, the exchange said.
