Sell Zinc Jun @ 264 SL 267 TGT 261-258. MCX - Kedia Advisory
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Aluminium
OBSERVATIONS
Aluminium trading range for the day is 229.8-234.2.
Aluminium gains amid hopes of improved demand in China.
Global primary aluminium output rose 3.4% year on year to 6.1 million tons in May
China aluminium production up 7.2 % to 3.65 mln tonnes in May
SELL ALUMINIUM JUN @ 234 SL 236 TGT 231-229. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 850.1-868.9.
Copper prices edged up on hopes of improved demand in China
China to stick to supportive monetary policy, PBOC governor says
LME Copper stockpiles rose to 161,925 tons, their highest level since January 4, after delivery of 3,450 tons
SELL COPPER JUN @ 864 SL 868 TGT 860-856. MCX
Zinc
OBSERVATIONS
Zinc trading range for the day is 258.5-264.9.
Zinc gains as sentiment was lifted by China's central bank's reinforcement of its easing monetary stance
The global zinc market surplus fell to 22,100 metric tons in April from 70,100 tons in March.
In China, zinc concentrate imports decreased by 24% in the first four months of this year compared to the previous year.
SELL ZINC JUN @ 264 SL 267 TGT 261-258. MCX
