A summary chart of futures company viewpoints: June 23rd, non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.)
2026-06-23 13:03:59
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on June 23. See the special chart in this article for more details.
Copper: Copper fundamentals remain stable. Currently, it is highly correlated with the macro market. Following the interest rate meeting, market volatility, fueled by geopolitical tensions and economic inflation data, continues to intensify, leaving copper prices lacking a clear trend driver. Zinc: With prices approaching resistance levels again and renewed macroeconomic uncertainty, caution is advised regarding the risk of a price pullback. Zinc prices may fluctuate within a range with a slight upward bias. Aluminum: Aluminum prices retreated before the holiday following the macro premium, but have room to rise again after the holiday due to faster-than-expected destocking. The market is expected to consolidate. Shanghai aluminum and aluminum alloys are expected to fluctuate. Nickel: Policy responses have been inconsistent. Recently, high-grade pyrometallurgical ore prices in Indonesia have remained high. Tin: Overall, the meetings and statements have clearly shifted towards a hawkish stance, increasing expectations of an interest rate hike this year, putting downward pressure on tin prices in the short term.
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: Copper fundamentals remain stable. Currently, it is highly correlated with the macro market. Following the interest rate meeting, market volatility, fueled by geopolitical tensions and economic inflation data, continues to intensify, leaving copper prices lacking a clear trend driver. Zinc: With prices approaching resistance levels again and renewed macroeconomic uncertainty, caution is advised regarding the risk of a price pullback. Zinc prices may fluctuate within a range with a slight upward bias. Aluminum: Aluminum prices retreated before the holiday following the macro premium, but have room to rise again after the holiday due to faster-than-expected destocking. The market is expected to consolidate. Shanghai aluminum and aluminum alloys are expected to fluctuate. Nickel: Policy responses have been inconsistent. Recently, high-grade pyrometallurgical ore prices in Indonesia have remained high. Tin: Overall, the meetings and statements have clearly shifted towards a hawkish stance, increasing expectations of an interest rate hike this year, putting downward pressure on tin prices in the short term.
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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