Significant divergence in commodity fundamentals, with repeated fluctuations in macroeconomic interest rates impacting market sentiment: November 3rd [Non-ferrous Metals] viewpoint summary
2026-11-03 11:22:32
A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on November 3rd. See the FX678 chart in this article for more details. Copper and zinc supply is tight, with inventory reduction providing support, but traditional consumption is entering the off-season; aluminum supply is ample, but demand is weak; nickel supply continues to increase in Indonesia, with high inventory levels putting pressure on demand; tin inventory is low, and the semiconductor sector is slowly recovering. The US dollar and policy expectations have repeatedly caused disturbances, resulting in overall range-bound trading with a lack of unilateral trends. Key focus should be on monitoring the mining sector, inventory levels, and downstream order fulfillment. 
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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