Sell Zinc SEP @ 437 SL 440 TGT 434-431. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM SEP @ 349 SL 352 TGT 346-343. MCX
Observations
Aluminium trading range for the day is 345.4-349.6.
Aluminum dropped as supply outlook could improve as several smelters restart and ramp up previously curtailed capacity
Japan's August aluminium stocks up 22.7% m/m
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange fell 7.7% from last Friday
COPPER
SELL COPPER SEP @ 1410 SL 1418 TGT 1402-1395. MCX
Observation
Copper trading range for the day is 1397.7-1419.5.
Copper prices fell due to a stronger dollar and as investors took profits.
Comex copper inventories have started to record modest daily inflows as the premium of US copper futures over LME prices edged higher.
Copper output at Chilean state miner Codelco fell 5% from a year earlier in July to 112,800 metric tons.
ZINC
SELL ZINC SEP @ 437 SL 440 TGT 434-431. MCX
Observations
Zinc trading range for the day is 428-439.2.
Zinc settled flat as elevated prices weakened demand and discouraged buyers China.
China’s zinc output contracted for the first time in nearly a year in August 2026.
Production disruptions at several mines, including in China, have raised concerns over concentrate availability.
