Low inventory provides support, macroeconomic policies trigger volatility: Summary of views on non-ferrous metals on August 7th
2026-08-07 13:48:54
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on August 7th. See the FX678 chart in this article for more details. Copper: The LME spot premium strengthened, supporting prices; news-driven fluctuations caused copper prices to rise and then fall, but the bullish trend remains unchanged. Zinc: LME inventories continue to decline at low levels, and the risk of a short squeeze remains; zinc prices are expected to fluctuate with a slightly upward bias. Aluminum: Domestic aluminum supply is rumored to be tightening; current inventories are still declining, and spot prices are at a slight discount; aluminum prices are expected to fluctuate with a slightly upward bias in the short term. Nickel: After the release of supplementary quotas, pyrometallurgical ore prices are expected to fall in the short term; nickel prices may fluctuate with a slightly downward bias. Tin: Global inventories declined month-on-month; domestic spot prices maintained a premium; industry support remains; the annual inspection in Indonesia's Timah has ended, and exports may resume in August; tin prices are expected to fluctuate with a slightly upward bias. 
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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