Sell Zinc OCT @ 294 SL 296 TGT 292-290. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM OCT @ 262 SL 264 TGT 260-258. MCX
OBSERVATIONS
Aluminium trading range for the day is 257-266.2.
Aluminium gains supported by both supply concerns and strong demand as operating rates improve.
Support also seen due to persistent threats to supply.
Global primary aluminium output in August rose 0.9% year on year to 6.277 million tonnes
COPPER
SELL COPPER OCT @ 992 SL 996 TGT 988-984. MCX
OBSERVATIONS
Copper trading range for the day is 975.7-1007.9.
Copper pared gains on profit booking after seen supported by concerns about supply.
The disruption at Grasberg mine could result in a loss of 591,000 tons of copper output between September 2025 and the end of 2026.
Goldman Sachs lifts 2026 copper price forecast to $10,500/t on Grasberg disruption
ZINC
SELL ZINC OCT @ 294 SL 296 TGT 292-290. MCX
OBSERVATIONS
Zinc trading range for the day is 290.7-297.9.
Zinc dropped on profit booking after prices gained driven by sustained drops in LME zinc inventory
Support also seen amid tightening supply conditions in China.
Market expectations of two further Federal Reserve rate cuts this year, also supported prices.
