Macroeconomic policies and overseas disturbances intertwined, leading to increased market volatility: August 20th [Non-ferrous Metals] Viewpoint Summary
2026-08-20 13:28:59
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on August 20th. See the FX678 chart in this article for more details. Copper: Downstream orders have rebounded somewhat amid copper price corrections; current market sentiment is volatile, and a cautious approach is advised regarding macroeconomic developments and copper tariff changes, maintaining a volatile trend; Zinc: Domestic export windows have opened, overseas supply pressure may increase, and LME zinc inventories are beginning to show signs of increase, putting upward pressure on zinc prices; Aluminum: The rate of aluminum ingot destocking has slowed, inventories are accumulating in South China, downstream processing operations are under pressure, and aluminum rod processing fees have fallen. Aluminum prices are expected to fluctuate within a range; Nickel: Weekly social inventory changes are minimal, with quota concerns above and cost support below, suggesting nickel may continue to fluctuate in the short term; Tin: The ongoing US-Iran stalemate 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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