% Change
0.55 EUR
1.14 EUR
-1.59 EUR
-0.80 GBP
0.45 GBP
0.81 EUR
0.67 EUR
0.27 EUR
-0.06 EUR
PPI m/m
Unemployment Rate
Lme Nickel
Economical Data
French Gov Budget Balance
Spanish Unemployment Change
Italian Monthly Unemployment Rate
2042.50
12765.00
Lme Copper
BOE Gov Carney Speaks
Construction PMI
CPI Flash Estimate y/y
Core CPI Flash Estimate y/y
Ltp*
1598.07
16.92
46.34
1.74
5748.50
Commodity
Gold$
Silver$
Crudeoil$
Natural Gas$
Lme Lead
Lme Aluminium
1857.50
1715.50
Lme Zinc
1
Lead 144.25 0.35
03 March 2020 URL : www.kediaadvisory.com Page
Gold 41956.00 1.35
Silver 44995.00 1.33
03 March 2020
Commodity Close % Change
Copper 429.00 1.69
Zinc 156.25 0.90
Crudeoil 3431.00 5.15
Natural Gas 127.70 2.74
Nickel 934.10 3.67
Aluminium 138.60 1.39
1.35
1.33
5.15
2.74
1.69
0.90
3.67
1.39
0.35
0.00 1.00 2.00 3.00 4.00 5.00 6.00
Gold
Silver
Crudeoil
Natural Gas
Copper
Zinc
Nickel
Aluminium
Lead
MCX COMMODITIES
% Chg
-1225
-75
-60
300
-10275
Commodity Sup - 3 Sup - 2 Sup - 1 Pivot Res - 1 Res - 2 Res - 3
2058 2090 2114
5935
1946 1978 2002 2034LME Zinc
LME Lead 1784 1809 1831 1856 1878 1903 1925
Page
LME Aluminium 1687.00 1719.50 1684.00 1716.50 -1.00 -0.06
LME STOCKS
LME Copper
LME Zinc
LME Nickel
LME Lead
LME Aluminium
LME Nickel 12220.00 12220.00 12680.00 85.00 0.67
Commodity Open Low Ltp* Rs Chg
INTERNATIONAL PIVOT
5466
2
1852.50 5.00 0.27
12745.00
1881.00LME Lead 1835.00 1834.00
13073 13402
5521 5622
1658 1671 1694 1707 1729 1742 1765
LME Copper
LME Nickel
High
5733.50 5723.00 25.50 0.45
2066.00
03 March 2020 URL : www.kediaadvisory.com
LME Zinc 2015.50 2010.00 2026.00 16.50 0.81
LME Aluminium
11827 12023 12352 12548 12877
5678 5779 5834
Short Covering
136.20 138.60
Alumini Apr 137.80
1.90 1.39
215 11.40
Zincmini Mar
Leadmini Mar 144.00 145.95 143.70
416.60 419.30 424.10
151.20 153.00 154.70
MCX PIVOT
439.10
OI Status
144.70
Nickel Apr 910.70 937.00 910.70 934.30 31.70
8.59
Contract
Copper Mar
140.05 136.65 139.20 1.80 1.31 439 206
12537 4401
-0.99
Alumini Mar 136.85 139.35
146.60 144.55
% Chg
LME Copper 5579.00 5577.00
Nickel Mar
Alumini Mar
894.50 904.00 919.00
141.20
928.50 943.50 953.00
142.40 146.80
143.10138.10 140.00
INTERNATIONAL MARKET SYNOPSIS
143.30 144.60 145.50
-0.53
Zincmini Apr 156.40 159.50 156.20 157.65 1.50 0.96 1298 1394 2.50
Short Covering
156.50 158.20 160.00 161.70 Short Covering
968.00
144.25 0.50 0.35 18226
426.80 431.60 434.30
Fresh Buying
147.70 Fresh BuyingLeadmini Mar
133.80 135.00 136.90
141.10
Leadmini Apr 144.90 0.50 0.35 397
Sup - 3 Sup - 2 Sup - 1 Pivot Res - 1 Res - 2 Res - 3
MCX MARKET SYNOPSIS
Contract
Copper Mar
1.73 303 214 127.17
Zincmini Mar 154.80 158.30 154.80 156.25 1.40 0.90 51429 16887
424.80 429.50 422.00 429.00 7.15 1.69 16643 4054
03 March 2020
3783 7.21
3.51 170 83 1.23
Nickel Mar 913.50 938.00 913.50 934.10 33.10 3.67 16011 1435 -4.00
Open High Low Close Rs Chg % Chg Volume OI
-10.65
Copper Apr 427.85 432.75 427.70 432.30 7.35
BUY COPPER MAR 2020 @ 427.50 SL 424.00 TGT 431.50-434.00.MCX
SELL ZINC MAR 2020 @ 158.00 SL 160.00 TGT 154.60-153.00.MCX
ZINC
03 March 2020
3
Social inventories of copper cathode across Shanghai, Guangdong and Jiangsu stood at
503,700 mt, up 45,700 mt
COPPER
Copper trading range for the day is 419.3-434.3.
Copper bounced on hopes that global central banks will inject stimulus into sagging
economies shaken by the coronavirus outbreak.
The Organisation for Economic Cooperation and Development warned the virus is
plunging the world economy into its worst downturn since the global financial crisis.
Warehouse stock for Copper at LME was at 216950mt that is down by -1225mt.
Zinc trading range for the day is 153-160.
Zinc gained as data showed that social inventories of refined zinc ingots in China grew
slower, indicating that consumption is recovering.
Expectations of coordinated global stimulus to help soften the economic blow of the
coronavirus outbreak also supported.
The global zinc market's deficit rose to 23,100 tonnes in December from a deficit of 200
tonnes in November
Warehouse stock for Zinc at LME was at 75200mt that is down by -75mt.
03 March 2020 URL : www.kediaadvisory.com Page
BUY NICKEL MAR 2020 @ 928.60 SL 920.00 TGT 940.00-948.00.MCX
BUY ALUMINIUM MAR 2020 @ 137.50 SL 136.00 TGT 139.80-140.60.MCX
03 March 2020
URL : www.kediaadvisory.com
Warehouse stock for Aluminium at LME was at 1071875mt that is down by -10275mt.
Nickel trading range for the day is 904-953.
Nickel prices rose on worries over ore supply as top producer Indonesia reported its first
coronavirus cases.
Indonesia aims to issue around late next month a regulation governing selling prices of
nickel ore, a Ministry of Energy and Mineral Resources official said
The global nickel market surplus widened to 2,000 tonnes in December from a surplus of
1,100 tonnes in the previous month
Warehouse stock for Nickel at LME was at 235368mt that is down by -60mt.
Aluminium trading range for the day is 135-141.2.
Aluminium gained supported by slower inventory growth, recovering consumption and
wider losses on primary aluminium production.
Social inventories of primary aluminium ingots across eight consumption areas in China,
including SHFE warrants, increased 53,000 mt.
China's manufacturing sector contracted at a record pace in February as efforts to contain
the recent outbreak of the coronavirus weighed heavily on performance of factories.
03 March 2020
NICKEL
4Page
ALUMINIUM
Month Rate Mar Apr May Month Rate Mar Apr May Commodity Min
Mar 429.00 3.30 4.00 Mar 156.25 1.40 2.85 Copper 1.01
Apr 432.30 0.70 Apr 157.65 1.45 Zinc 4.40
May 433.00 May 159.10 Nickel -12.89
Aluminium -9.38
Lead 3.95
Month Rate Mar Apr May Month Rate Mar Apr May
Mar 934.10 0.20 0.30 Mar 138.60 0.60 1.15
Apr 934.30 0.10 Apr 139.20 0.55
May 934.40 May 139.75
Note:
03 March 2020
03 March 2020 URL : www.kediaadvisory.com Page 5
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SPREAD SYNOPSIS
Copper Zinc Spread History
Max Avg
-19.90 8.00
-5.00 5.70
-187.70 1.70
-154.20 1.30
Nickel Aluminium -19.00 1.70
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