Early comments on non-ferrous metals copper, aluminum, zinc, lead, tin and nickel on April 06

Copper price:

Non-agricultural employment in the United States improved more than expected in March, the stock market rose to a record high to boost risk appetite, and the global economy continued to pick up. In the second quarter, domestic smelters will undergo centralized maintenance. Today, copper prices are rising.

Aluminum price:

The US economy is gaining momentum for further recovery. The traditional domestic consumption peak season is approaching. The current electrolytic aluminum production capacity is relatively slow, and social inventories are showing a downward trend. The current aluminum is expected to rise today.

Zinc price:

The overseas Easter markets were closed last Friday and this Monday. The zinc smelting end was affected by the bottom processing fee and the maintenance began to increase. Social inventories continued to decline. The current tight fundamentals pattern remains unchanged, and zinc may rise today.

Lead price:

The Shanghai Lead and London Lead markets were closed on Friday night. The current market is facing a resonant environment for global economic recovery. The bottom of the lead price is strongly supported. It is expected that the Shanghai Lead will maintain a volatile pattern under the suppression of the off-season consumption, and lead may now drop slightly.

Tin price:

The market resumed today, and Lunxi opened up US$160; the global economy recovered, and the prospects for metal market demand were optimistic. Shanghai tin stocks fell for three consecutive weeks. Shanghai tin rose during the day, and spot tin is expected to rise today.

Nickel price:

Last Friday, Shanghai Nickel and London Nickel were closed due to a holiday, and both internal and external nickel prices rose. The domestic transaction outlook is optimistic, and demand supports strong nickel prices. It is expected that there is still room for a rebound in the short term. Nickel is expected to rise today.