Early comments on non-ferrous metals copper, aluminum, zinc, lead, tin and nickel on January 13

Copper price:

The market is looking forward to the large-scale fiscal stimulus measures in the United States. Lentium copper closed up nearly 2% overnight. Malaysia's control measures will affect the import of recycled copper. The current inventory is still low.

Aluminum price:

The US dollar weakened sharply and oil prices rose to boost. Lun Aluminum closed up by US$16 overnight. The seasonal demand weakened and the domestic inventory cycle began. However, LME inventories are still being depleted. It is expected that the current aluminum price will not rise or fall much today.

Zinc price:

LME zinc stocks continued to decrease. LME zinc oscillated at a high level overnight and closed up 0.98%. The current zinc mine supply and demand structure continues to be unbalanced. Galvanizing companies generally suspend production around the end of January. Current zinc may remain stable today.

Lead price:

The U.S. dollar weakened, and LME lead surged overnight and closed up 2.78%. Manufacturers in some regions were worried that due to the epidemic, market recyclers would have an early holiday, and the enthusiasm for replenishment was higher. Lead may follow the rise today.

Tin price:

U.S. stocks all rose, and international metals turned red overnight. Lentium tin closed up 1.42%. In November, US tin imports increased, and the current situation of reduced market supply is still the main factor supporting tin prices. Tin is expected to rise slightly today.

Nickel price:

The US dollar fell and nickel surged by 2.82% overnight; the suspension of nickel mining on an island in the Philippines caused a shortage of nickel ore supply. The new energy industry continued to improve, and nickel inventories fell. Nickel is expected to rise today.