Multiple macroeconomic and geopolitical disturbances have led to a significant divergence in the performance of the non-ferrous metals sector: July 20th Summary of Views on Non-ferrous Metals
2026-07-20 14:18:13
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on July 20th. See the chart provided by FX678 for more details. Copper: Strong spot prices support prices; copper prices are expected to fluctuate at high levels, long positions should be held. Zinc: Short-term wait-and-see approach, long-term strategy is to buy on dips; end-user demand is weak after the short-term price increase. Aluminum: The market has gained rebound momentum in the short term, but needs substantial events to drive it; Shanghai aluminum is likely to fluctuate widely between 22,500-23,500 yuan/ton in the short term. Nickel: Fundamental logic has stabilized, but be wary of news disturbances at low levels; macroeconomic and geopolitical policies are in sync, leading to a fluctuating rise in nickel and stainless steel prices. Tin: Declining processing fees at the ore end provide cost constraints, but high inventory and off-season consumption limit the rebound potential; short-term macroeconomic volatility is high, a wait-and-see approach is recommended. 
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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