TREE NEWS reports: International copper rose 0.41% in the night session, with Shanghai copper up 0.36%, aluminum up 0.21%, zinc up 0.99%, lead up 0.78% and tin up 0.88%. Shanghai nickel fell 1.18% and stainless steel dropped 1.18%, while alumina slipped 0.59% and aluminum alloy gained 0.22%.
Copper, Aluminum, Zinc, Lead, Tin Rise in Night Session; Nickel and Stainless Steel Fall
AI take
The split is the story: base metals broadly firmer while nickel and stainless steel fell in lockstep, suggesting the weakness is specific to the nickel-stainless chain rather than a demand signal across the complex. Zinc and tin leading the gains points to tighter pockets within the rest of the board. Whether nickel's decline stays contained to that chain, or starts dragging the broader complex, is the open question worth watching in the sessions ahead.
Generated by AI for reference only.
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