Choice Commodity Research

Sumeet Bagadia’s Desk:Buy CRUDEOILM|16APR26 CE 9000.00 in Commodity @ 844 SL 739 TGT 1054.00

Sumeet Bagadia’s Desk:Buy ZINC|30APR26 in Commodity @ 312.75 SL 306.5 TGT 325.25

Zinc Update Boliden’s Garpenberg mine in Sweden cut output to 30% due to seismic activity, signaling a larger-than-expected supply disruption. Impact: Positive for Zinc. -Choice Broking

Crude Oil Update Iraqi oil production has sharply declined as due to the ongoing conflict in Iran disrupted Strait of Hormuz exports, storage tanks reached at critical levels, with officials warning further output cuts if shipping constraints persist. Impact: Positive for Crude Oil. -Choice Broking

Aluminium Update Japanese aluminium premiums rose to $350–353 per ton for April–June, highest in 11 years, driven by Middle East supply disruptions, strong demand, and and a growing dependence on regional imports, of which Japan sources 30%. Impact: Positive for Aluminium -Choice Broking

Bullion Update Bullion prices rose following President Trump's postponement of the Iran deadline and a decision not to target energy facilities. While Iran permitted tankers to pass through the Strait of Hormuz, it refused U.S. conditions. However, price could cap upside gains due to ongoing uncertainties regarding the ceasefire. -Choice Broking

*Dollar Update* The dollar index hovered below 100, supported by Middle East tensions, rising energy prices, and inflation fears, boosting hawkish Fed expectations, with markets pricing nearly 50% chance of rate hike by this year end. -Choice Broking

Rupee Update The rupee strengthened near 94.1 per dollar recovering from a record low supported by steady RBI policy expectations, low inflation and stable growth, while Iran’s Hormuz access decision eased energy supply fears for India. -Choice Broking

🌍 Global Market Highlights • 🇺🇸 US President Donald Trump paused strikes on Iran's energy plants for 10 days. • 🛢️ The ceasefire decreases immediate pressure; however, with 8 million barrels per day offline and risks to Persian Gulf flows, geopolitical tensions remain high. • 🇮🇷📜 Iran rejected the US' 15-point plan to resolve the conflict, proposing instead its own conditions, including recognition of its authority over the Strait of Hormuz. • ⛽ India has reduced special additional excise duties on petrol and diesel to 3 rupees per litre and zero, respectively. • 🇺🇸📈 The US 10-Year Yield experience significant monthly gains amid escalating uncertainties from the Middle East conflict. • 🏭 China's industrial profits rose by 15.2% year-on-year in January–February. • 🇯🇵💱 Minister Satsuki Katayama stated that authorities are ready to take significant actions in response to fluctuations in foreign exchange. • 🇷🇺Putin announced restrictions on Russian gold exports starting April 1, with specified exceptions. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 229013...Buy in Commodity SILVERMIC|30APR26 @ 227960 SL 224300 TGT 235280.00

US Natural Gas Storage Actual : -54B Forecast : -49B Prev.: 35B Impact: Positive for NG

Sumeet Bagadia’s Desk : Book Full Profit @ 1147.25...Buy in Commodity COPPER|30APR26 @ 1143.5 SL 1141.2 TGT 1148.10

Sumeet Bagadia’s Desk : Stopped Out @ 15.95...Buy in Commodity NATURALGAS|23APR26 PE 270.00 @ 17.6 SL 16 TGT 20.80

Sumeet Bagadia’s Desk:Buy SILVERMIC|30APR26 in Commodity @ 227960 SL 224300 TGT 235280.00

Sumeet Bagadia’s Desk : Book Part Profit @ 1145.2...Buy in Commodity COPPER|30APR26 @ 1143.5 SL 1141.2 TGT 1148.10

Sumeet Bagadia’s Desk:Buy COPPER|30APR26 in Commodity @ 1143.5 SL 1141.2 TGT 1148.10

Sumeet Bagadia’s Desk : Stopped Out @ 5374.5...Buy in Commodity GOLDM|28APR26 PE 140000.00 @ 5750 SL 5380 TGT 6490.00