Macroeconomic and geopolitical disturbances intertwine, further amplifying market volatility: August 19th [Non-Ferrous Metals] Viewpoint Summary
2026-08-19 13:32:58
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on August 19th. See the FX678 chart in this article for more details. Copper: Market sentiment is currently volatile; cautious observation of macroeconomic and copper tariff changes is advised, with a continued oscillating trend expected. Zinc: Zinc prices may fluctuate with a slightly stronger bias in the medium term due to anticipated declines in smelting output. Aluminum: Domestic spot aluminum prices have begun to trade at a discount, while overseas spot discounts have widened slightly. LME inventory destocking has slowed (currently flat compared to the previous month), and assessments suggest a weakening trend; shorting opportunities may still be considered on rallies. Nickel: Weekly social inventory changes are minimal; with current quota release expectations, prices are expected to fluctuate with a slightly weaker bias. Tin: Domestic inventory has accumulated compared to the previous month, weakening industry support. The completion of the Timah annual inspection in Indonesia may lead to a recovery in exports in August. The Philadelphia Semiconductor Index fell sharply yesterday, putting downward pressure on tin prices in the short term. 
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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