Sell Zinc Mar @ 274 SL 276 TGT 271-269. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 265 SL 267 TGT 263-261. MCX
Observations
Aluminium trading range for the day is 261.6-267.
Aluminium rose as lower supply from major producers magnified expectation of stronger demand.
U.S. President announced import tariffs of 25% on steel and aluminium are still scheduled to take effect on 12 March.
Aluminium exports out of China were muted after the government ended tax rebates on overseas sales
Copper
SELL COPPER MAR @ 886 SL 892 TGT 880-876. MCX
Observations
Copper trading range for the day is 874.2-894.
Copper dropped on profit booking after prices gained buoyed by expectations of further stimulus from China.
Chinese officials flagged more monetary policy easing "at an appropriate time" and left the door open to more stimulus measures.
China's unwrought copper imports declined by 7.2% year-on-year to 837,000 metric tons in the first two months of 2025.
Zinc
SELL ZINC MAR @ 274 SL 276 TGT 271-269. MCX
Observations
Zinc trading range for the day is 269.8-277.2.
Zinc dropped on weak trade data from China and as investors reduced positions amid volatile changes in U.S. tariff policy.
Data showed Chinese imports unexpectedly shrank over January-February, while exports lost momentum.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.30% from last Friday.
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