Sell Zinc Oct @ 289 SL 291 TGT 287-285. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM OCT @ 260 SL 262 TGT 258-256. MCX
OBSERVATIONS
Aluminium trading range for the day is 256.3-261.5.
Aluminium gained due to persistent threats to supply.
Chinese output is expected to slow due to the country’s annual limit of 45 million tons, capping supply growth.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped 2.4% from last Friday
COPPER
SELL COPPER OCT @ 955 SL 959 TGT 950-945. MCX
OBSERVATIONS
Copper trading range for the day is 939.4-969.6.
Copper slipped as the onset of a week-long holiday in China, prompting profit-taking.
Copper output in Chile, fell 9.9% year-on-year in August to 423,643 metric tons.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 3.8% from last Friday
ZINC
SELL ZINC OCT @ 289 SL 291 TGT 287-285. MCX
OBSERVATIONS
Zinc trading range for the day is 281.2-293.4.
Zinc prices gained amid tightening supply conditions in China.
LME zinc stocks fell their lowest since May 23 at 48,825 tons, data showed, having slumped 80% this year.
The European Commission plans to impose steep tariffs—ranging from 25% to 50%—on Chinese steel imports and related products in the coming weeks
