Inventory trends diverge, non-ferrous metals await new drivers: Summary of views on non-ferrous metals on August 25th
2026-08-25 14:01:03
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on August 25th. See the FX678 chart in this article for more details. Copper: Copper prices haven't fallen much and remain in a high-level consolidation phase. Given the current "marginal improvement in macroeconomic support" and "intensified high-level competition in the industry," copper prices are expected to continue their high-level consolidation or even upward trend. Zinc: With the domestic export window open, overseas supply pressure may rebound. LME zinc inventories increased slightly month-on-month, but no strong inventory accumulation trend has formed. The risk of a squeeze remains due to low inventory levels, and zinc prices are expected to fluctuate with a slightly upward bias. Aluminum: International aluminum prices fell under pressure, and domestic aluminum prices fluctuated at low levels. Nickel: Supported by lower costs, nickel prices are likely to remain range-bound in the short term. Tin: Significant macroeconomic disturbances have led to large fluctuations in 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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