Macroeconomic expectations disrupt the market, and the sector remains range-bound as bulls and bears battle: Summary of views on the non-ferrous metals sector on September 16.
2026-09-16 13:32:11
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on September 16th. See the FX678 chart in this article for more details. Copper: Downstream restocking on dips, but still primarily driven by immediate needs; increased expectations of a Fed rate hike are putting pressure on copper prices; Zinc: Downstream purchasing activity has significantly improved; rising energy prices reinforce expectations of a rate hike, and restrictions on social inventory increases are being eased; Aluminum: Aluminum prices are showing resilience and are currently undergoing a period of consolidation; Nickel: Macroeconomic and inventory pressures are intensifying, and current costs limit downside potential; continued macroeconomic pressure is dragging down demand, and nickel prices continue to weaken; Tin: Prices are consolidating at low levels, with premiums and discounts rising somewhat; rising US dollar interest rates coupled with weekly inventory accumulation mean demand growth is unlikely to offset short-term pressure. 
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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