Sell Zinc Mar @ 280 SL 282 TGT 278-276. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM MAR @ 266 SL 268 TGT 264-262. MCX
Observations
Aluminium trading range for the day is 262.5-267.3.
Aluminium settled flat amid lower supply expectation
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 3% from last Friday.
Global primary aluminium output in January rose 2.7% year on year to 6.252 million tonnes
Copper
SELL COPPER MAR @ 909 SL 914 TGT 904-900. MCX
Observations
Copper trading range for the day is 893-913.4.
Copper gained as China’s latest stimulus measures boosted demand expectations.
Further supporting prices were expectations that US President Donald Trump may impose tariffs on copper imports.
Copper output in Chile, fell 2.1% year-on-year in January to 426,889 metric tons.
Zinc
SELL ZINC MAR @ 280 SL 282 TGT 278-276. MCX
Observations
Zinc trading range for the day is 277-282.4.
Zinc dropped on profit booking after prices rose on Nyrstar cutting production in Australia.
LME on-warrant stocks fell to 94,700 tons, their lowest since November 2023.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 0.9% from last Friday.
