Choice Commodity Research

Zinc Update Zinc futures rose on supply tightness, falling SHFE inventories, and mine disruptions, while imports surged month-on-month but declined yearly, with Middle East developments influencing broader macro conditions and demand sentiment. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 1277.95...Buy in Commodity COPPER|30APR26 @ 1276.8 SL 1275.2 TGT 1280.00

Sumeet Bagadia’s Desk:Buy COPPER|30APR26 in Commodity @ 1276.8 SL 1275.2 TGT 1280.00

Geopolitical Update An outbound cargo ship came under fire near the Strait of Hormuz and stopped in the water, the UK Maritime Trade Operations agency said. Impact: Positive for crude oil. -Choice Broking

CRUDE OIL prices surged by +4% from its day low, next resistance may seen around 8650--8720

Sumeet Bagadia’s Desk : Target Achieved @ 369.15...Buy in Commodity ALUMINIUM|30APR26 @ 367.25 SL 366.3 TGT 369.15

Zambia’s copper smelters plan extended shutdowns Two of Zambia’s largest copper smelters and sulphuric acid producers will shut for extended maintenance later this year, further squeezing copper output and supplies of the chemical used to process copper and cobalt. Impact: Positive for copper. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in COPPER|30APR26

Bullion Update Switzerland’s gold exports rose 30% in March, led by higher shipments to the UK and China, as bullion flowed back from the US, boosting London supplies. however, Supplies to India, another major bullion consumer, fell to 3.1 tons in March from 11.6 tons amid subdued local demand. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 1276...Buy in Commodity COPPER|30APR26 @ 1274.45 SL 1272.4 TGT 1278.55

Sumeet Bagadia’s Desk:Buy GOLDM|28APR26 CE 152000.00 in Commodity @ 1848 SL 1680 TGT 2184.00

Natural Gas Update Natural gas rose on lower output and strong LNG exports, but gains were capped by ample inventories and warmer weather, while Hormuz’s closure still threatens supply, disrupting global LNG flows significantly. -Choice Broking

Sumeet Bagadia’s Desk:Buy COPPER|30APR26 in Commodity @ 1274.45 SL 1272.4 TGT 1278.55

Lead Update China’s lead output fell 11.4% year-on-year in March to 652,000 metric tons, raising GDP growth concerns as industrial weakness deepens ahead of key National Bureau of Statistics data releases soon. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 368...Buy in Commodity ALUMINIUM|30APR26 @ 367.25 SL 366.3 TGT 369.15

Copper Update Copper prices rose as restocking activity in China picked up and record March output, though seasonal smelter maintenance may curb supply ahead, while Rio Tinto boosted production from its Oyu Tolgoi mine operations. -Choice Broking

US blocks Iraq dollar shipments to pressure Iran-backed militias -Choice Broking

Bullion Update Bullion prices rose as Trump extended the Iran ceasefire despite collapsed peace talks, while Warsh’s hawkish, independent Fed stance and Hormuz shutdown concerns added further pressure. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30APR26 in Commodity @ 367.25 SL 366.3 TGT 369.15