June 20, 2024

On Wednesday night, most major contracts of basic metal futures on the Shanghai Futures Exchange rose. Shanghai copper increased by 1.25% to 79,610 yuan/ton, Shanghai aluminum rose by 0.34% to 20,535 yuan/ton, Shanghai zinc gained 0.70% to 23,765 yuan/ton, Shanghai nickel grew by 1.07% to 135,070 yuan/ton, Shanghai tin climbed 1.29% to 270,240 yuan/ton, stainless […]

Viewpoint: Macro guidance is temporarily paused, with mixed trends in non-ferrous metals. Funds are holding cash and waiting. Industrial output and electricity investment in May both maintained growth, but the impact on the market is limited, with doubts about the sustainability of this growth among funds. Mid-term macro weakness sentiment persists. On the supply side,