Non-ferrous Sector Supply-Demand Divergence, Short-term Range-bound: Oct 16 Non-ferrous Metals View Summary

English summary

Oct 16 non-ferrous futures views indicate copper and tin are supported by mining factors, zinc concentrates are tight, aluminum capacity is limited, and nickel supply is loose. Weak downstream demand and a stronger USD cause disturbances; the sector lacks single-direction drivers and is expected to remain range-bound in the short term.