Sell Zinc Sep @ 276 SL 278 TGT 274-272. MCX - Kedia Advisory
ALUMINIUM
SELL ALUMINIUM SEP @ 256 SL 258 TGT 254-252. MCX
OBSERVATIONS
Aluminium trading range for the day is 254.2-256.4.
Aluminium gains after LME aluminium inventories fell to two-month low of 375,025 tons.
67,400 tons of aluminium cancellations in Malaysia reduced global supply.
Guinea Alumina lost mining licenses; state-run company now controls production.
COPPER
SELL COPPER SEP @ 905 SL 910 TGT 900-895. MCX
OBSERVATIONS
Copper trading range for the day is 898-906.
Copper edged up amid weaker dollar and an incident at a major mine in Indonesia.
LME-registered copper stocks stood at 155,825 tons, with outflows of 2,125 tons across several locations.
Copper inventories in warehouses monitored by the SHFE rose 2.6% from last Friday.
ZINC
SELL ZINC SEP @ 276 SL 278 TGT 274-272. MCX
OBSERVATIONS
Zinc trading range for the day is 272.8-277.6.
Zinc dropped after Zinc ingot inventory in Guangdong surged to yearly high of 36,900 mt
China's August zinc production hit a three-year high at 626,200 mt.
Shanghai Futures Exchange zinc inventories rose 1.2% last week
