Early comments on China's copper, aluminum, zinc, lead, tin and nickel on December 22

Copper prices: The implementation of more epidemic prevention measures in Europe caused demand concerns. Lun Copper closed down by more than 1.5% overnight. The prospects for global economic recovery added worries. The inflow of high-grade scrap copper increased, and copper materials fell today.

Aluminum prices: The stock rebound and the sharp drop in oil prices put pressure on. Lun Aluminum closed down $28 overnight. Global primary aluminum production continued to grow. The environmentally-friendly limited-production aluminum companies started to decline during the heating season. Aluminum is expected to fall today.

Zinc prices: The dollar strengthened and oil prices fell. Zinc prices fluctuated overnight and closed down 0.35%. The macro atmosphere was weak, investors' risk aversion sentiment increased, and terminal consumption in the zinc market declined. Today, zinc may follow a decline.

Lead prices: The mutation of the UK epidemic triggered market turmoil. LME lead fell sharply overnight by more than 3.8%. Domestic lead ingot inventories rebounded for ten consecutive weeks. Overlapped with weak consumption, lead prices are under pressure. Lead may continue to fall today.

Tin prices: European and American stock markets fell, and Lun Tin tin fluctuated overnight and closed down 0.6%; overseas mine supply was still uncertain due to the epidemic's counterattack. The market has strong risk aversion and downstream purchases are not active. Spot tin is expected to fall today.

Nickel prices: The new mutant strain caused blockade in most parts of the UK, and the trend of nickel overnight fell 0.74%; refined nickel stocks rebounded, concerns about the global economic outlook inhibited demand, today spot nickel may fall.