The battle between bulls and bears continues in the non-ferrous metals sector, with most commodities fluctuating at high levels: Summary of views on the non-ferrous metals sector on September 28.
2026-09-28 14:56:15
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on September 28th. See the chart provided by FX678 for more details. Copper: Consensus on shortage, implicit oversupply; high spot premiums support prices; copper prices are expected to fluctuate at high levels, maintain long positions; low inventory supports prices, high copper prices suppress demand; Zinc: Domestic social inventories are declining, overseas inventory accumulation limits rebound potential; zinc prices may fluctuate within a range in the short term; Aluminum: Short-term supply elasticity is limited, high premiums in some regions for aluminum ingots, coupled with the traditional peak demand season, provide support below; Shanghai aluminum is expected to be weak in the fourth quarter; Nickel: Interest rate hike expectations suppress nickel prices; domestic nickel inventories decreased slightly this week, while LME inventories increased significantly, resulting in weak supply and demand. Even if the oversupply narrows to a tight balance throughout the year, high inventory pressure makes it difficult for nickel prices to have upward drive and room for growth; Tin: Sideways fluctuation; increased social inventories and decreased warehouse receipts are insufficient to support an upward trend. 
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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