Increased uncertainties in overseas supply continue the tug-of-war between bulls and bears in the non-ferrous metals sector: Summary of views on non-ferrous metals on August 12.
2026-08-12 14:14:56
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on August 12th. See the FX678 chart in this article for more details. Copper: LME inventory reduction supports prices; awaiting US inflation data, copper prices are expected to fluctuate at high levels; Zinc: With the domestic export window reopening, overseas supply pressure may rebound; current low inventory levels still pose a risk of squeeze, zinc prices are expected to fluctuate with a slightly upward bias; Aluminum: Current inventory is still decreasing, spot prices are slightly discounted, aluminum prices are expected to fluctuate with a slightly upward bias in the short term; Nickel: Fundamental factors continue to drive cautious trading, nickel and stainless steel prices are fluctuating downwards; 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: Continue to hold previous long positions, with a buy-on-dips strategy as the main approach; wide fluctuations are expected, and the uncertainty surrounding the reopening of the Taiwan Strait is putting downward pressure on tin prices. 
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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