Zinc trading range for the day is 314.6-329.8 - Kedia Advisory
Aluminium
SELL ALUMINIUM FEB @ 320 SL 322 TGT 318-316. MCX
Observations
Aluminium trading range for the day is 313.6-323.6.
Aluminium rose as prices getting support from a weaker dollar, growth in other metals.
PBOC will continue to implement a moderately loose monetary policy in 2026 and will utilize tools such as RRR cuts to ensure sufficient liquidity.
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange rose 6.0% from last Friday.
Copper
SELL COPPER FEB @ 1312 SL 13120 TGT 1302-1295. MCX
Observations
Copper trading range for the day is 1292.7-1332.3.
Copper dropped as investors booked profits and waited for the latest U.S. Federal Reserve decision on interest rates.
However downside seen limited due to weaker dollar amid geopolitical, trade, and monetary policy uncertainties.
London Metals Exchange stockpiles reached their highest level since May 2025, pushing total global holdings above 900,000 tons.
Zinc
SELL ZINC FEB @ 326 SL 329 TGT 323-320. MCX
Observations
Zinc trading range for the day is 314.6-329.8.
Zinc prices rallied due to concerns of tight supply.
Refined zinc production was on track to fall 2% last year, despite the 6.3% jump in mined output.
Treatment charges for zinc rose toward $100 per ton after being negative $115 in the end of last year.
