Choice Commodity Research

Sumeet Bagadia’s Desk : Book Part Profit @ 250207...Buy in Commodity SILVERMIC|30JUN26 @ 248303 SL 245990 TGT 252929.00

Sumeet Bagadia’s Desk:Buy CRUDEOILM|14MAY26 CE 9300.00 in Commodity @ 810 SL 679 TGT 1072.00

China Foreign Direct Investment ytd/y Actual: -7.3% Previous: -5.7% Negative for base metal. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30JUN26 in Commodity @ 248303 SL 245990 TGT 252929.00

Aluminium Update In March, the total production of secondary aluminium alloys by the 158 Chinese smelters surged 111 per cent on month to 479,000 tonnes, though the output was 9.5 per cent lower on year. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in SILVERMIC|30JUN26

Sumeet Bagadia’s Desk : Exit @ 241.4...Sell in Commodity NATURALGAS|27APR26 @ 242.2 SL 243.7 TGT 239.20

Sumeet Bagadia’s Desk : Book Part Profit @ 247382...Sell in Commodity SILVERMIC|30JUN26 @ 248519 SL 250100 TGT 245357.00

Sumeet Bagadia’s Desk : Exit @ 371.8...Sell in Commodity ALUMINIUM|29MAY26 @ 371.95 SL 372.55 TGT 370.75

Sumeet Bagadia’s Desk:Sell SILVERMIC|30JUN26 in Commodity @ 248519 SL 250100 TGT 245357.00

Sumeet Bagadia’s Desk:Sell NATURALGAS|27APR26 in Commodity @ 242.2 SL 243.7 TGT 239.20

Copper Update The global refined copper market is forecast to move into a 96,000-ton surplus in 2026, with a larger 377,000-ton surplus expected in 2027, amid slower demand and higher production. Impact: Negative for copper. -Choice Broking

US sets preliminary antidumping duties on solar imports US Commerce Department imposed preliminary antidumping duties on solar imports, setting margins at 123% for India, 35% Indonesia, and 22% Laos, continuing long-standing tariff actions per its posted fact sheet website. Impact: Negative for Export and silver prices. -Choice Broking

Copper Update Zambia’s Luanshya copper mine, majority-owned by CNMC, will restart in August after over 20 years idle, aiming to produce 100,000 tons annually by 2030 and support Zambia’s output expansion plans. -Choice Broking

Natural Gas Update Natural gas prices fell as strong storage builds, mild weather, and weak demand weighed, despite lower output and rising LNG flows, keeping inventories above normal and limiting price upside. -Choice Broking

Bullion Update Bullion prices fell as US-Iran tensions lifted oil prices, raised inflation concerns, reduced safe-haven appeal, while prolonged blockades, naval actions, and extended ceasefires kept markets cautious. -Choice Broking

Crude Oil Update Crude oil prices rose as US-Iran tensions persist, Hormuz blockade disrupts supply, US naval actions intensify, Iran resists talks, and stronger demand for US exports supports prices. -Choice Broking

Rupee Update Rupee fell to 94.2 level, a four-week low, pressured by strong dollar demand, rising oil near $105, RBI interventions, and heavy foreign outflows, keeping USD/INR elevated and limiting recovery. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 149520...Sell in Commodity GOLDTEN|30APR26 @ 151065 SL 151810 TGT 149575.00