Early comments on the non-ferrous metals market on January 7

Copper price:

The United States may introduce more fiscal stimulus measures. The LME copper surged overnight to close up by $22. The global manufacturing recovery may strengthen. Chinese policy supports the boom in automobile production and sales. Today, copper materials rose.

Aluminum price:

The World Bank said that the near-term economic outlook is still uncertain. The aluminum alloy shot up overnight and closed down by US$17. The import of scrap aluminum is likely to increase. In the off-season, the accumulation of inventory will be suppressed. It is expected that the current aluminum will fall today.

Zinc price:

Hoping that the United States will offer more stimulus policies, zinc surged overnight and closed up 1.38%. The macro atmosphere was warmer, and the tightness of the mines continued. This coincided with the supply-side disturbances coming from overseas. Today, zinc may rise.

Lead price:

The rise in the infection rate of the new crown may limit the economic recovery. LME lead closed down 1.4% overnight. The limited logistics in Hebei Province affected the procurement of raw materials by some recycled lead companies. The support under the lead price is strong. Today, lead may not rise or fall much.

Tin price:

Investors took profits, and the trend of Lun Tin fell overnight and closed down 0.54%. The supply of Myanmar tin ore fell, and supply concerns supported the performance of tin prices. However, the demand remained light, and the spot tin may drop slightly today.

Nickel price:

The U.S. dollar index continued to fall, with nickel holding steady overnight and closing up 0.11%; nickel for batteries in the new energy automobile industry is optimistic. The recent spot performance of refined nickel has been relatively strong, and the supply of raw materials has been tight. Nickel is expected to rise slightly today.