Early comments on copper, aluminum, zinc, lead, tin and nickel on February 25

Copper prices : The recovery of major economies drove demand growth. The London copper closed overnight rose by nearly 2.7% and hit a nine-and-a-half-year high. There may be a record gap in refined copper, and the supply outlook remains pessimistic. Today, copper materials are rising.

Aluminum prices: The weak US dollar and the sharp rise in oil prices boosted the price of Lun aluminum to close at $49 overnight to refresh its highs in more than two years. The global economic recovery supports demand prospects, and inventories are still relatively low. It is expected that aluminum will rise today.

Zinc prices: LME zinc inventories continued to decline. LME zinc oscillated and closed up 0.61% overnight. Auto sales continued to grow at a high rate. The marginal improvement of supply and demand still supports zinc prices. Zinc may rise and fall limited today.

Lead prices: US stocks rose across the board. Lead fluctuated overnight and closed up 0.61%. The expected industrial recovery after the year boosted market confidence. Refineries have basically resumed operations and market trading activity has increased. Lead may rise today.

Tin prices: The outlook for the global economy is optimistic. Overnight Lun Tin closed up 1.51% with a high shock. Investors are generally bullish. Holders' quotations are firm. Domestic tin mines continue to be tight. It is expected that spot tin will rise today.

Nickel prices: The US dollar weakened and oil prices rebounded. Nickel fluctuated overnight and closed up 2.48%; the non-ferrous sector after the holiday made a good start. The stocking of stainless steel after the holiday drove nickel consumption. Nickel fundamentals support still exists. Nickel is expected to rise today.