Near-term real support is relatively strong, while long-term ample supply limits the upside potential: Summary of views on non-ferrous metals on November 10th.
2026-11-10 10:30:27
Tight supply of copper, zinc, and tin ore, coupled with low inventory levels, has created a supportive environment for aluminum, resulting in a strong current market but weak future expectations. Nickel supply is expected to remain ample in the medium to long term. Downstream sectors are entering their traditional off-season, with processing companies only making purchases to meet immediate needs. Fluctuations in the US dollar and US Treasury yields have repeatedly impacted the market. Domestic policies aimed at stabilizing growth have yet to be implemented, leading to overall market volatility, with nickel showing a slightly weaker bias. A summary chart of futures company views is provided: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on November 10th. See the FX678 chart in this article for more details. 
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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