Early comments on non-ferrous metals copper, aluminum, zinc, lead, tin and nickel on March 12

China Copper Price

The continuous decline of the US dollar and record highs in the US stocks boosted the market. LME copper closed up 2.6% overnight. The prospects for global economic recovery have improved significantly. Recently, the supply of mines has reappeared and the current copper material has soared today.

China Aluminum Price

The President of the United States formally signed the New Crown Relief Act. Lun Aluminum closed up by US$20 overnight. Carbon emissions will affect electrolytic aluminum production. The downstream start-up has picked up. It is expected that the current aluminum will rise today.

China Zinc Price

China's loan data was better than expected. Zinc surged overnight and closed up 2.7%. Entering March, the market is in the traditional peak season for die-cast zinc alloy consumption. The seasonal accumulation is coming to an end. Zinc may rise today.

China Lead Price

The United States approved a large-scale economic stimulus plan. LME lead bottomed out overnight and closed up 0.93%. Raw material stocks were expected to be low. LME lead stocks increased by 20,000 tons. Lead prices rebounded and frustrated. Lead may fall slightly today.

China Tin Price

The optimistic outlook of the U.S. economy pushed the stock market to continue to strengthen. Lentium tin closed up 3.2% overnight; market sentiment was good, and tin prices may run strong in the short term, but downstream demand is flat and the trend is likely to be repeated. Tin is now rising.

China Nickel Price

The three major U.S. stock indexes rose, and the non-ferrous sector rebounded overnight. Nickel rose by 1.21%; the macro atmosphere rebounded and the non-ferrous metals turned up. However, the stainless steel spot transaction was light, and the spot nickel may have limited gains and losses today.

Winland Metal supplies various grades of copper pipes and copper pipe fittings . Copper materials are widely used in various industries. Capillary copper pipes play a significant role in air conditioning, refrigeration, electronics and other industries.