MCX Aluminium Above 125 Target 138—142

MCX Aluminium Above 125 Target 138—142, Buy on Dips

MCX Aluminium Above 125 Target 138—142, Buy on Dips – Aluminium on MCX settled up 0.04% at 130.85 gained from the day’s low on short covering tracking 3-month aluminium price on the London Metal Exchange which was little changed on Tuesday February 19, with continued volatility in stock flows across LME-listed Malaysian warehouses doing little to jolt the metal’s stagnant price action.

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Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries

Gold Silver Reports (GSR) – Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries – A 30,075-tonne delivery of zinc into LME-approved warehouses in Antwerp yesterday rattled price sentiment for the metal. The LME’s three-month zinc price closed down by 2.5% or $77 per tonne at $3,135 per tonne on Wednesday, with this weakness filtering through to prices on the SHFE.

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