Choice Commodity Research

Daily LME Stock Update London Metal Exchange inventories stock: nickel down 138 tonnes, lead down 825 tonnes, copper down 3,075 tonnes, tin down 50 tonnes, aluminium down 2,925 tonnes and zinc down 825 tonnes. Impact: Positive for Basemetal. -Choice Broking

Geopolitical Update A cargo vessel exchanged fire with a small craft carrying six-armed people southwest of Balhaf, Yemen, the United Kingdom Maritime Trade Operations said. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|16JUN26 PE 8400.00

Sumeet Bagadia’s Desk : Book Part Profit @ 291...Buy in Commodity CRUDEOIL|16JUN26 PE 8400.00 @ 276 SL 255 TGT 318.00

Copper Update Copper edged lower as Middle East tensions, higher energy costs, and stronger U.S. rate-hike expectations weighed on demand. However, support persisted from proposed U.S. copper tariffs, firm Chinese producer prices, and steadily declining inventories in LME warehouses. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|16JUN26 PE 8400.00 in Commodity @ 276 SL 255 TGT 318.00

Crude oil Update Kazakhstan's energy minister says maintenance at the Kashagan oilfield in 2027 will last 35-40 days. -Choice Broking

Natural gas Update U.S. natural gas production and demand are projected to reach record highs through 2027, according to the EIA. Rising LNG exports, stronger domestic consumption, and higher output forecasts underscore robust long-term fundamentals for the U.S. gas market. Impact: Positive for Natural gas. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 11.75...Buy in Commodity NATURALGAS|23JUN26 PE 295.00 @ 9.85 SL 8.9 TGT 11.75

Geopolitical Update Iran’s foreign ministry strongly condemned US strikes on Iran and warned regional countries not to allow their territory or facilities to be used by the United States or Israel for operations against Tehran. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 363.1...Sell in Commodity ZINC|30JUN26 @ 363.3 SL 364.2 TGT 361.50

Sumeet Bagadia’s Desk : Book Part Profit @ 10.7...Buy in Commodity NATURALGAS|23JUN26 PE 295.00 @ 9.85 SL 8.9 TGT 11.75

Sumeet Bagadia’s Desk : Target Achieved @ 1317.8...Sell in Commodity COPPER|30JUN26 @ 1321.8 SL 1323.8 TGT 1317.80

Sumeet Bagadia’s Desk:Sell ZINC|30JUN26 in Commodity @ 363.3 SL 364.2 TGT 361.50

Sumeet Bagadia’s Desk : Book Part Profit @ 1319.95...Sell in Commodity COPPER|30JUN26 @ 1321.8 SL 1323.8 TGT 1317.80

Sumeet Bagadia’s Desk:Sell COPPER|30JUN26 in Commodity @ 1321.8 SL 1323.8 TGT 1317.80

Sumeet Bagadia’s Desk:Buy NATURALGAS|23JUN26 PE 295.00 in Commodity @ 9.85 SL 8.9 TGT 11.75

China CPI y/y Actual: 1.2% Expected:1.3% Previous: 1.2% China PPI y/y Actual: 3.9% Expected: 3.9% Previous: 2.8% Neutral for Base metal. -Choice Broking

Aluminium Update Aluminum futures fell as fresh U.S. strikes on Iran and higher rate expectations clouded demand prospects. However, prices remain supported by Persian Gulf supply disruptions, refinery attacks, and reduced output at major regional producers, tightening global availability. -Choice Broking

Rupee Update The Indian rupee hovered near 95.44, pressured by foreign equity outflows, importer dollar demand, rising crude prices, and Middle East tensions. Focus now shifts to U.S. inflation data, which could strengthen the dollar and weigh further on emerging-market currencies. -Choice Broking