Sell Zinc Mar @ 269 SL 271 TGT 267-265. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 259 SL 261 TGT 257-255. MCX
Observations
Aluminium trading range for the day is 254.4-263.6.
Aluminium dropped as the post-holiday inventory buildup continues, with inventories expected to increase rapidly this week.
Pressure also seen amid resumption of aluminium production in China, with domestic operating capacity expected to rise.
Global primary aluminium output in January rose 2.7% year on year to 6.252 million tonnes – IAI
Copper
SELL COPPER MAR @ 866 SL 870 TGT 862-858. MCX
Observations
Copper trading range for the day is 853.4-881.8.
Copper surged after US President Donald Trump ordered an investigation into potential tariffs on copper imports.
World's top copper mine Escondida without electricity due to Chile power outage
Copper supply in China remains abundant, with stocks rising to over 260,000 tonnes, three times the level at the start of the year.
Zinc
SELL ZINC MAR @ 269 SL 271 TGT 267-265. MCX
Observations
Zinc trading range for the day is 265.3-270.7.
Zinc gains as the global zinc market swung to a deficit of 62,000 metric tons in 2024.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 26.3 % from last Friday.
PBOC said in its fourth-quarter monetary policy implementation report that it would adjust policy at the appropriate time to support the economy.
