Supply and demand divergence in the non-ferrous metals sector, with bulls and bears battling it out and maintaining range-bound trading: October 22nd [Non-ferrous Metals] viewpoint summary
2026-10-22 10:54:24
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on October 22. See the chart provided by FX678 for more details. Supply and demand are diverging across non-ferrous metals. Copper, zinc, and tin are supported by low mining inventory, while nickel supply is ample and inventory is relatively high. Downstream orders are generally weak, with procurement mainly based on immediate needs. Coupled with overseas macroeconomic and geopolitical news, the market is experiencing a complex interplay of bullish and bearish factors, leading institutions to generally predict that the market will remain range-bound. 
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.
