Fundamentals of non-ferrous metals diverge, multiple constraints suppress upside potential: Summary of views on non-ferrous metals on July 14
2026-07-14 12:38:11
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on July 14th. See the FX678 chart in this article for more details. Copper: Volatility in the Shanghai copper market remains low, meaning a significant upward or downward trend still needs catalysts; domestic spot prices are strengthening, supporting prices. Zinc: Low processing fees at the ore end continue to provide support, but absolute inventory levels and off-season demand limit the room for recovery; short-term zinc prices may fluctuate weakly. Aluminum: Overall inventory levels provide support, but there is a lack of clear upward trend drivers; a weak rebound is expected. Nickel: Currently, inventory pressure remains the core issue in the nickel industry chain. Meanwhile, nickel ore prices may continue to weaken, potentially reducing cost support. Tin: Be wary of macroeconomic pressures; tin prices may fluctuate widely. 
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.
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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