Buy Zinc OCT @ 283 SL 281 TGT 286-288. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM OCT @ 255 SL 253 TGT 257-259. MCX
OBSERVATIONS
Aluminium trading range for the day is 251.4-261.2.
Aluminium dropped amid firmer dollar amid quiet trade ahead of a week-long holiday in China.
China’s central bank chief pledged to use a range of monetary policy tools to ensure ample liquidity, and support the country’s economic recovery.
The U.S. will soon cut European car tariffs to 15% from the current 27.5%, fulfilling its pledge under the broader U.S.-EU trade deal announced in July
COPPER
BUY COPPER OCT @ 940 SL 935 TGT 946-952. MCX
OBSERVATIONS
Copper trading range for the day is 897.9-973.7.
Copper prices jumped after Freeport-McMoran Inc declared force majeure at its Grasberg mine in Indonesia.
Freeport said 2026 production from its Indonesian unit could be 35% lower than estimates before a September 8 landslide
The global refined copper market showed a 57,000 metric tons surplus in July
ZINC
BUY ZINC OCT @ 283 SL 281 TGT 286-288. MCX
OBSERVATIONS
Zinc trading range for the day is 277.8-290.4.
Zinc gained as LME zinc stocks fell their lowest since May 23 having slumped 80% this year.
PBOC introducing measures to support the Chinese economy.
Antamina mine to see 67% rise in zinc production this year
