Zinc trading range for the day is 414.4-426.2 - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM OCT @ 333 SL 330 TGT 336-338. MCX
Observation
Aluminium trading range for the day is 331.6-340.4.
Aluminium gains as inventories in warehouses monitored by the Shanghai Futures Exchange fell 7.8%.
However upside seen limited weighed down by a recovery in Middle Eastern production and rising shipments from Indonesia.
Macquarie expects average aluminium prices at $3,050 in 2027 compared with $3,325 this year.
COPPER
BUY COPPER OCT @ 1424 SL 1418 TGT 1432-1438. MCX
Observations
Copper trading range for the day is 1405.8-1439.6.
Copper gained supported by concerns over mine supply disruptions, signs of active demand in China and tight visible inventories.
LME Copper stocks dropped to a six-week low of 233,025 tons after daily outflows of 4,700 tons
The Yangshan copper premium ended the week at $135 a ton, its four-year high.
ZINC
BUY ZINC OCT @ 420 SL 417 TGT 424-426. MCX
Observations
Zinc trading range for the day is 414.4-426.2.
Zinc prices rallied amid persistent supply tightness as Western smelter capacity shrinks.
Western refined zinc production fell 3.4% year-on-year in the first half of 2026.
Zinc inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.8% from last release on Sep 30
