Futures companies' views summarized in one chart: July 18 nonferrous metals (copper, zinc, aluminum, nickel, tin, etc.)
2025-07-18 13:49:48
A chart summarizing the views of futures companies: non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on July 18. For more details, see the special chart in this article.
Copper: Short-term domestic and foreign inventories continue to accumulate, and there is no significant positive driving force. Price performance is weak, spot transactions are relatively limited, and copper prices are still in a volatile pattern; Zinc: The mining end is loose, smelting resumes production, demand weakens in the off-season, and inventories accumulate at a low level; Aluminum: The sustainability of the accumulation of aluminum ingots remains to be seen, Shanghai aluminum and aluminum alloys are expected to fluctuate, and attention should be paid to the sustainability of the accumulation of Shanghai aluminum; Nickel: The oversupply and demand pattern of nickel remains, global inventories are high, and nickel prices maintain a weak trend. In the short term, long and short positions are intertwined, and attention should be paid to the bottom support; Tin: Demand is in the off-season, short positions continue to be held, upper pressure is greater than lower support, and it has fallen slightly.
This chart is specially created and compiled by Huitong Finance, all rights reserved.
Copper: Short-term domestic and foreign inventories continue to accumulate, and there is no significant positive driving force. Price performance is weak, spot transactions are relatively limited, and copper prices are still in a volatile pattern; Zinc: The mining end is loose, smelting resumes production, demand weakens in the off-season, and inventories accumulate at a low level; Aluminum: The sustainability of the accumulation of aluminum ingots remains to be seen, Shanghai aluminum and aluminum alloys are expected to fluctuate, and attention should be paid to the sustainability of the accumulation of Shanghai aluminum; Nickel: The oversupply and demand pattern of nickel remains, global inventories are high, and nickel prices maintain a weak trend. In the short term, long and short positions are intertwined, and attention should be paid to the bottom support; Tin: Demand is in the off-season, short positions continue to be held, upper pressure is greater than lower support, and it has fallen slightly.
This chart is specially created and compiled by Huitong Finance, all rights reserved.
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