Continued inventory reduction supports fundamentals, while macroeconomic disturbances limit upside potential for non-ferrous metals: July 29th Summary of Views on Non-Ferrous Metals
2026-07-29 14:18:49
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on July 29th. See the FX678 chart in this article for more details. Copper: Strong support comes from rapidly declining domestic and international inventories and continued copper absorption by the US, leading to tight supply in non-US regions. However, frequent macroeconomic disturbances are suppressing bullish sentiment; a cautious approach is advised. Zinc: If inventories cannot be continuously reduced, the rebound's sustainability will be limited; a weak and volatile outlook is expected in the short term. Aluminum: Aluminum prices may have upward momentum, but are expected to fluctuate in the short term. Nickel: Nickel prices are expected to maintain a wide range of fluctuations until the Indonesian quota policy is implemented and the Middle East geopolitical situation stabilizes. Tin: Tin prices are expected to fluctuate. 
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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