Sell ZINC MAY @ 258 SL 260 TGT 256-254. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM MAY @ 237 SL 239 TGT 235-233. MCX
OBSERVATIONS
Aluminium trading range for the day is 234.2-239.8.
Aluminium fell after a jump in available LME stocks and rising output in China.
On-warrant aluminium stocks in the LME system rose to 343,025 tons for their highest since December.
The spread between the cash contract and three-month aluminium was last at a discount of $2 a ton on Monday.
COPPER
SELL COPPER MAY @ 858 SL 863 TGT 852-848. MCX
OBSERVATIONS
Copper trading range for the day is 844.9-861.9.
Copper gains as LME copper inventory dropped to a one-year low.
China’s refined copper imports dropped 5% year-over-year in Q1 2025.
COMEX copper futures maintain premium over LME on U.S. tariff investigation concerns.
ZINC
SELL ZINC MAY @ 258 SL 260 TGT 256-254. MCX
OBSERVATIONS
Zinc trading range for the day is 255.3-258.5.
Zinc dropped following concerns over the demand outlook in China.
China's industrial output and retail sales growth slowed in April
LME zinc inventory rose to a three-month high on April 17, it entered a downward trend
