A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on May 21st.
2026-05-21 11:52:42
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on May 21st. See the special chart in this article for more details.
Copper: Domestic demand remains stable in the short term, transitioning from peak to off-season, supporting copper prices. Zinc: As lockdowns continue and the energy crisis intensifies, it will continue to impact global industrial production, increasing the potential downside risk to global non-ferrous metal supply, leading to short-term upward volatility in zinc prices. Aluminum: Aluminum prices have rebounded again, with increased downstream restocking sentiment. Near-month futures prices have fallen below high marginal costs, limiting further downside, and prices are expected to stabilize under policy expectations. Nickel: Primary nickel inventory pressure remains high recently, with weekly LME inventory rising and domestic social inventory continuing to increase. The expectation of reduced production capacity in both hydrometallurgical and pyrometallurgical processes provides support, and short-term consolidation is possible. Tin: The potential downside risk to global non-ferrous metal supply is rising, leading to upward volatility in tin prices. Positive factors have resurfaced, market sentiment has recovered, and prices are expected to fluctuate widely at high levels.
The above content is based on big data analysis and is for reference only, not investment advice. This chart is specially produced by FX678 and is copyrighted.
Copper: Domestic demand remains stable in the short term, transitioning from peak to off-season, supporting copper prices. Zinc: As lockdowns continue and the energy crisis intensifies, it will continue to impact global industrial production, increasing the potential downside risk to global non-ferrous metal supply, leading to short-term upward volatility in zinc prices. Aluminum: Aluminum prices have rebounded again, with increased downstream restocking sentiment. Near-month futures prices have fallen below high marginal costs, limiting further downside, and prices are expected to stabilize under policy expectations. Nickel: Primary nickel inventory pressure remains high recently, with weekly LME inventory rising and domestic social inventory continuing to increase. The expectation of reduced production capacity in both hydrometallurgical and pyrometallurgical processes provides support, and short-term consolidation is possible. Tin: The potential downside risk to global non-ferrous metal supply is rising, leading to upward volatility in tin prices. Positive factors have resurfaced, market sentiment has recovered, and prices are expected to fluctuate widely at high levels.
The above content is based on big data analysis and is for reference only, not investment advice. This chart is specially produced by FX678 and is copyrighted.
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