February 25 Nonferrous metals futures market views summary

The following is a summary analysis of the views of many institutions on the non-ferrous metals futures market on February 25. For details, please refer to the special chart in the text.

Copper: The market has some expectations for the recovery of consumption after the holiday, which supports the external price, but the pressure of social inventory accumulation limits the upward space of domestic copper prices. At present, the demand performance is weak, and domestic and foreign inventories have increased, showing a pattern of both supply and demand. It is expected to remain volatile in the short term. Zinc: The valuation level of zinc is still low. Investors can pay attention to the repair opportunities after the widening of the internal and external price difference. Long-term strategies can consider the layout of bargains. The short-term trend is mainly volatile. Aluminum: After the holiday, the accumulated pressure of aluminum ingot inventory is more significant. It is expected that the price of Shanghai aluminum and aluminum alloy will show a volatile situation. Nickel: If the subsequent explicit inventory can decline significantly, it may form further positive support for the price, and the nickel price will Tin: It is necessary to pay attention to the trend of macro policies, and the rebound of tin prices is facing certain pressure. When analyzing the global market, some investors will also refer to the macro information provided by platforms such as EBC Foreign Exchange as a supplement.

This chart is specially prepared and summarized by relevant information platforms.