Macro sentiment is recovering, and the battle between bulls and bears in the non-ferrous metals sector intensifies: Summary of views on non-ferrous metals on August 5th.
2026-08-05 13:50:52
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on August 5th. See the FX678 chart in this article for more details. Copper: LME copper inventories are showing a rapid decline, ultimately becoming the core fundamental factor pushing up copper prices this round. A continued bullish outlook is expected in the short term. Zinc: Tight supply at the mine end and regional mismatch are the core factors supporting zinc prices. Domestic zinc prices remain high and volatile due to high supply, high inventory, and weak demand. Aluminum: Domestic inventories are starting to accumulate, spot prices are slightly discounted, and domestic realities are weakening month-on-month. The upside potential for Shanghai aluminum may be limited, and it is expected to fluctuate. Nickel: Short-term range trading is recommended, with range-bound trading expected. Tin: Supply-side disruptions are unlikely to be resolved in the short term, leading to a slightly bullish volatile outlook. 
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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