Choice Commodity Research

Geopolitical Update A G7 official said the US and Iran could sign a memorandum of understanding as early as Sunday in Geneva. -Choice Broking

China M2 Money Supply y/y Actual: 8.6% Expected: 8.6% Previous: 8.6% China New Loans Actual: 520B Expected: 450B Previous: -10B Impact: Slighlty positive for basemetal. -Choice Broking

Geopolitical Update ✅Final US-Iran talks to focus on nuclear and economic issues, with Iran's missile program excluded from negotiations. ✅Draft MoU reportedly includes US sanctions relief and a commitment to withdraw forces stationed around Iran and finance Iran's reconstruction with at least $300 billion. ✅The agreement proposes ending the naval blockade and reopening the Strait of Hormuz within 30 days. ✅It also includes plans to remove oil sanctions and release Iran’s frozen overseas funds. ✅The draft agreement is awaiting final approval from Iran, Iranian officials have not commented publicly on the reported details. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 247733...Sell in Commodity SILVERMIC|30JUN26 @ 245741 SL 247710 TGT 241803.00

Sumeet Bagadia’s Desk : Stopped Out @ 374.7...Buy in Commodity ALUMINIUM|30JUN26 @ 375.55 SL 374.75 TGT 377.15

Geopolitical Update An Iranian lawmaker warned that recent attacks have pushed the conflict into a more dangerous phase, stating that regional energy infrastructure can no longer be considered secure. The comments raised concerns about potential risks to critical oil and gas facilities across the region. -Choice Broking

Gold Update Gold demand in India improved slightly as lower prices attracted jewellery buyers and prompted limited restocking by jewellers, despite weak retail demand expectations while premiums in China eased to $1–$5 per ounce from $7–$10 last week. Impact: Slighlty positive for gold. -Choice Broking

Crude Oil Update OPEC lowered its 2026 global oil demand growth forecast to 0.97 million barrels per day, marking a second consecutive downgrade. Impact: Negative for Crude Oil. -Choice Broking

Zinc Update Chinese zinc smelters are facing severe feedstock shortages, pushing treatment charges on imported zinc concentrate to a record low of minus $50 per ton. Impact: Positive for Zinc -Choice Broking

Aluminium Update The share of available Russian-origin aluminum stocks in London Metal Exchange warehouses bounced back to 93% in May from 72% in April, exchange data showed. Impact: Negative for Aluminium -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30JUN26 in Commodity @ 375.55 SL 374.75 TGT 377.15

Sumeet Bagadia’s Desk : Book Part Profit @ 9.75...Buy in Commodity NATURALGAS|23JUN26 PE 290.00 @ 8.35 SL 6.65 TGT 11.75

Daily LME Stock Update London Metal Exchange stocks: aluminium down 2,075 tonnes; zinc down 1,725 tonnes; tin down 40 tonnes; lead down 775 tonnes; nickel up 786 tonnes; copper down 3,200 tonnes. Impact: Positive for Basemetal. -Choice Broking

Sumeet Bagadia’s Desk:Sell SILVERMIC|30JUN26 in Commodity @ 245741 SL 247710 TGT 241803.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|23JUN26 PE 290.00 in Commodity @ 8.35 SL 6.65 TGT 11.75

Sumeet Bagadia’s Desk:Buy ZINCMINI|30JUN26 in Commodity @ 365.95 SL 364.3 TGT 369.25

Crude Oil Update OPEC's latest data show Iran's crude output fell 19% last month, due to a US blockade of its ports amid ongoing conflict. Thursday's monthly report said output dropped 546,000 barrels per day to 2.33 mln bpd. -Choice Broking

Geopolitical Update The Indian rupee around 95.2 per dollar as lower crude oil prices improved sentiment. Optimism over a potential US-Iran peace deal supported the currency, though caution remained amid uncertain negotiations and persistent external challenges. -Choice Broking

Geopolitical Update MoU with Iran satisfies 'all US requirements', diplomat tells Axios. -Choice Broking