Sell Zinc MAY @ 258 SL 261 TGT 255-253. MCX - Kedia Advisory
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ALUMINIUM
OBSERVATIONS
Aluminium trading range for the day is 226.1-240.3.
Aluminium prices dropped amid slower manufacturing activity growth in top consumer China.
LME aluminium stocks reduced to 171,200 tonnes, representing the weakest level since August 2022.
China's March aluminium imports jump 90% on – year
SELL ALUMINIUM MAY @ 233 SL 235 TGT 230-228. MCX
COPPER
OBSERVATIONS
Copper trading range for the day is 832.3-868.1.
Copper fell as commodity funds took profits and assessed the outlook of US manufacturing.
Factory activity in the US unexpectedly contracted in April
China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years.
SELL COPPER MAY @ 850 SL 855 TGT 845-840. MCX
ZINC
OBSERVATION
Zinc trading range for the day is 249.8-261.6.
Zinc gains amid supply disruption concern and optimism around China's economic recovery.
The global zinc market surplus widened to 40,100 metric tons in February from 12,300 tons in January
Zinc production at Nyrstar's Budel smelting operations in the Netherlands will resume
SELL ZINC MAY @ 258 SL 261 TGT 255-253. MCX
