Sell Zinc Jun @ 367 SL 370 TGT 364-361. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM JUN @ 379 SL 382 TGT 376-374. MCX
Observations
Aluminium trading range for the day is 368.6-391.8.
Aluminium fell pressured by Iran's and Israel's agreement to halt attacks.
China's May unwrought aluminium and product exports climb 5.68% m/m
EGA’s flagship smelter is expected to take up to a year to return to full capacity, while operations at Bahrain's ALBA remain partially suspended.
Copper
SELL COPPER JUN @ 1335 SL 1345 TGT 1320-1310. MCX
Copper trading range for the day is 1307.6-1358.6.
Copper dropped on profit booking as investors shifted focus to the upcoming US inflation report.
For the first five months of 2026, China imported 2.01 million tons of unwrought copper and copper products, down 7% from a year earlier.
The Yangshan copper premium, stood at $64 a ton, its lowest since April 28.
Zinc
SELL ZINC JUN @ 367 SL 370 TGT 364-361. MCX
Observations
Zinc trading range for the day is 359.7-373.7.
Zinc rose after Goldman Sachs said Boliden's Garpenberg mine could "structurally reset to a lower production level for longer."
Nexa Resources said operations at its 344,400 ton per year Cajamarquilla zinc smelter in Peru, had been temporarily suspended.
China's central bank will continue to implement an appropriately loose monetary policy, and strengthen financial support for expanding domestic demand.
