Choice Commodity Research

Sumeet Bagadia’s Desk:Buy ALUMINIUM|29MAY26 in Commodity @ 386.35 SL 386.75 TGT 385.55

China SHFE Warehouse Changes (Weekly Update) Copper: +2804T (+1.55%) Aluminum: +6954T (+1.37%) Zinc: +2194T (+1.45%) Lead: -4425T (-6.27%) Impact: Positive for Lead & Negative for Copper, Aluminium & Zinc. -Choice Broking.

Geopolitical Update The European Union expanded its sanctions framework against Iran on Friday to target individuals and entities involved in actions threatening freedom of navigation in the Middle East, including the Strait of Hormuz. -Choice Broking

Sumeet Bagadia’s Desk:Sell NATURALGAS|26MAY26 in Commodity @ 287.1 SL 290.1 TGT 281.10

Sumeet Bagadia’s Desk : Exit @ 1348...Buy in Commodity COPPER|29MAY26 @ 1349.6 SL 1347 TGT 1354.80

Geopolitical Update The Islamic Revolutionary Guard Corps Navy said 35 ships crossed the Strait of Hormuz over the past 24 hours after obtaining permits and coordinating with IRGC naval forces. -Choice Broking

Copper Update LME available copper stocks at 275,525 t, lowest since march 13, after 53,325 t of fresh cancellations, lme daily data shows. Impact: Positive for Copper. -Choice Broking

Geopolitical Update US Secretary of State Marco Rubio said there had been “slight progress” on Iran but warned that any Iranian attempt to create a tolling system in the Strait of Hormuz would be unacceptable. -Choice Broking

Crude Oil Update IEA warned that global oil markets could enter the “red zone” by July-August ahead of the summer travel season, amid a shortage of fresh oil exports from the Middle East. Impact: Positive for Crude Oil. -Choice Broking

USDINR fall 0.52paisa from day high @ 95.77

Sumeet Bagadia’s Desk:Buy COPPER|29MAY26 in Commodity @ 1349.6 SL 1347 TGT 1354.80

Sumeet Bagadia’s Desk : Exit @ 369.15...Buy in Commodity ZINCMINI|29MAY26 @ 370.45 SL 369.1 TGT 373.15

Sumeet Bagadia’s Desk : Stopped Out @ 387.85...Buy in Commodity ALUMINIUM|29MAY26 @ 388.9 SL 388 TGT 390.70

Sumeet Bagadia’s Desk : Stopped Out @ 702...Buy in Commodity CRUDEOIL|16JUN26 PE 9300.00 @ 728 SL 702 TGT 780.00

Sumeet Bagadia’s Desk:Buy ALUMINIUM|29MAY26 in Commodity @ 388.9 SL 388 TGT 390.70

Aluminium Update China’s aluminium output fell 3% month-on-month to 3.7mt in April, though year-to-date rose 1.6% year-on-year. Production also declined in Europe by 3% and in Asia ex-China by 3.1% month-on-month. Impact: Positive for Aluminium. -Choice Broking

Crude Oil Update Crude Oil prices rose as investors doubted a U.S.-Iran breakthrough, with disputes over uranium stockpiles and Strait of Hormuz controls unresolved. Tehran said gaps narrowed, while Rubio cited good signs but rejected any toll proposal there. -Choice Broking

Copper Update Zambia’s Konkola Copper Mines resumed mining at its Chingola “B” Mine, 18 years after operations ceased, as Africa’s second-largest copper producing nation pushes to more than triple its annual output to 3 million tons by 2031. Impact: Slightly negative for copper. -Choice Broking

Sumeet Bagadia’s Desk:Buy ZINCMINI|29MAY26 in Commodity @ 370.45 SL 369.1 TGT 373.15

Crude Oil Update OPEC+ members are expected to approve a modest increase of about 188,000 barrels per day for July at their June 7 meeting, despite ongoing Iran war disruptions affecting several producers’ deliveries. Impact: Negative for crude oil. -Choice Broking