Supply and demand dynamics and macroeconomic dynamics lead to divergent market trends in non-ferrous metals: Summary of views on non-ferrous metals on September 29th.
2026-09-29 14:24:17
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on September 29th. See the FX678 chart in this article for more details. Copper: Domestic financial markets are gradually entering "holiday mode," with a high willingness to reduce positions and seek safe havens. Copper prices are expected to fluctuate at high levels. Zinc: A battle between macro and micro pressures; a positive US PMI is again putting macro pressure on prices; Trump's rejection of the Iran deal and the rebound in oil prices, coupled with destocking and valuation pressures, suggest zinc prices may fluctuate within a range in the short term. Aluminum: LME inventories have stabilized from low levels and returned to a destocking pace. Domestically, the peak season effect, driven by tight shipments of iron ore from Xinjiang and pre-holiday stockpiling by downstream users, is helping aluminum prices remain high. Nickel: After the holiday, nickel is expected to be suppressed by both macro factors and inventory accumulation, resulting in a limited rebound and a possible consolidation at low levels. Tin: Tight ore supply and low LME inventories provide continued support for 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.- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
