MCX Zinc settled down 0.57% at 183.1 as deliveries to LME-approved warehouses lifted LME zinc inventories for two consecutive days, but the stocks are unlikely to further grow.
Base Metal Tips
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BASE METAL TIPS – MCX Zinc Tips – Above 182 Buy 10—20—50 Lots for Target 192—195
The global zinc market swung into a 10,900 tonne surplus in June from an upwardly revised deficit at 38,200 tonnes May, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first half of the year, the global deficit rose to 134,000 tonnes from 103,000 tonnes in the same period last year.
MCX Copper Trading Tips – Enjoy or Not 449 To 435, I Told You Below 455 Target 20—30 Points – Neal Bhai
Copper on MCX settled down 1.08% at 445.45 amid market expectations of a U.S. rate cut and as U.S. and Chinese officials meet in Shanghai to discuss their year-long trade dispute.
MCX Nickel Bole Boom Boom, I Told You Buy Above 879 Watch High 983.50 – Neal Bhai Reports
MCX Nickel settled up 1.15% at 945.9 boosted by supply worries from major producer Indonesia. Shanghai nickel surged as much as 3.1% to 106,620 yuan a tonne, its highest since Sept. 3, 2018, but retreated slightly later in the session to close 2.4% higher.
MCX Nickel BASE METAL Live Trading Tips – Above 879 Target 902—912—920 – Neal Bhai Reports
MCX Nickel BASE METAL TIPS Live Trading Tips – Above 879 Target 902—912—920 – Neal Bhai Reports
Nickel futures traded 1.14 per cent higher at Rs 902 per kg on Thursday after traders enlarged positions amid pick up in spot demand at domestic markets.