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Shanghai copper rises in night session, nickel flat

International copper gained 0.24% in night trading, with Shanghai copper up 0.16%. Shanghai aluminum fell 0.23%, zinc rose 0.97%, lead added 0.09%, nickel was flat, and tin dropped 0.2%. Alumina rose 0.44%, aluminum alloy fell 0.21%, and stainless steel gained 0.69%.

Original source

AI take

The modest uptick in copper alongside a sharp zinc gain and flat nickel points to selective, rather than broad-based, strength in base metals, suggesting market participants are differentiating on supply-demand fundamentals rather than trading a uniform macro narrative. The mixed moves across the complex—with aluminum and tin softening—imply that near-term direction may hinge on individual inventory or policy signals. Whether this divergence persists, or converges into a clearer trend, is the key observation for the session ahead.

Generated by AI for reference only.

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