The non-ferrous metals sector is showing divergent trends, with supply and demand and geopolitical factors dominating the market: July 21st Summary of Views on Non-ferrous Metals
2026-07-21 13:18:15
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on July 21st. See the chart provided by FX678 for more details. Copper: Macroeconomic interference is significant, but the bullish logic in the industry is clear. Copper prices are expected to fluctuate with a slight upward bias; long positions should be maintained. Zinc: Domestic demand is still awaiting improvement; zinc prices are expected to fluctuate with a slight downward bias. Aluminum: The market has gained short-term rebound momentum, but needs substantial events to drive it; a wide range of fluctuations between 22,500-23,500 yuan is expected, with intense battles between bulls and bears; a wait-and-see approach is recommended in the short term. Nickel: Fundamental logic has stabilized; be wary of news disturbances at low levels; the supply-demand game continues, with nickel and stainless steel prices fluctuating downwards. Tin: Global inventories decreased month-on-month, domestic spot prices maintained a premium, strong industry support, overseas exports to Indonesia declined year-on-year, LME inventory reduction is expected to continue, and tin prices are expected to fluctuate 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.
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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