Industry fundamentals are diverging, and base metals await external signals: Summary of views on non-ferrous metals on July 30.
2026-07-30 14:04:52
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on July 30th. See the chart provided by FX678 for more details. Copper: The sharp decline in the US dollar supports prices; however, the expectation of a Fed rate hike has not been completely eliminated, still exerting some downward pressure, and copper prices are expected to fluctuate at high levels. Zinc: Affected by the expected decline in smelting output, zinc prices may fluctuate with a slightly stronger bias in the short term. Aluminum: Aluminum prices may have upward momentum; current global inventories continue to decline, domestic spot premiums are rising, and the monthly spread structure is strengthening, leading to a slightly stronger fluctuation in aluminum prices in the short term. Nickel: Export concerns may ease, and market sentiment is largely affected; pay attention to inventory levels and whether subsequent quota releases will generate a new round of upward momentum for nickel prices. Tin: Short-term volatility is high; proceed with caution. The tight supply-demand balance presents medium- to long-term investment value; buy on dips after sentiment stabilizes. 
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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