Sell Zinc Aug @ 271 SL 273 TGT 269-267. MCX - Kedia Advisory
Aluminium
SELL ALUMINIUM AUG @ 256 SL 258 TGT 254-252. MCX
Aluminium trading range for the day is 252-257.
Aluminium gains amid the outlook of lower supply and improved demand from China.
Supply for European factories is already limited due to sanctions of major producer Russia.
China’s aluminium production in July 2025 (31 days) increased by 1.05% YoY and 3.11% MoM.
Copper
SELL COPPER AUG @ 890 SL 894 TGT 885-882. MCX
Copper trading range for the day is 881.9-892.5.
Copper dropped as LME stocks have climbed by 11% so far in August, SHFE stocks are up nearly 13%.
Chile's Cochilco maintains copper price forecast for 2025 and 2026 at $4.30/lb
Zambia's copper production fell slightly in the second quarter of the year due to problems faced by four mines.
Zinc
SELL ZINC AUG @ 271 SL 273 TGT 269-267. MCX
Zinc trading range for the day is 267.1-273.1.
Zinc gains as optimism over global trade improved.
Zinc supply is tightening as Chinese smelters face pressure to cut production due to capacity outpacing demand.
China's refined zinc output rose by 4% on a year-over-year basis in the January-July period.
