A complex interplay of bullish and bearish forces leads to range-bound trading in copper, aluminum, zinc, and nickel: November 12th [Non-ferrous Metals] Market Summary
2026-11-12 14:12:29
A summary chart of futures company views: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on November 12th. See the FX678 chart in this article for more details. Copper: Increased macroeconomic pressure puts downward pressure on copper prices; copper prices fluctuate under the influence of hawkish macroeconomic sentiment. Due to the Fed's interest rate hikes and weak downstream demand, copper prices may fluctuate weakly in the short term; Zinc: Low processing fees increase smelting pressure, and imports remain unprofitable. Shanghai traders' quotations are firm, but downstream operating rates and trading are weak, and short-term range-bound fluctuations are expected to continue; Aluminum: The overseas aluminum supply gap in the long term is generally narrowing, putting upward pressure on aluminum prices, which are likely to fluctuate weakly; Nickel: Short-term range-bound fluctuations are expected; Shanghai nickel rebounded while spot prices fell, and stainless steel contract rollover increased volume; Tin: Prices rebounded but then retreated, with high spot premiums and smelter production restarting coexisting. 
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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