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Macro

Copper Rises in Shanghai Night Session; Tin Up 0.84%, Alumina Gains 1.41%

Shanghai copper closed 0.34% higher in the night session, while international copper gained 0.56%. Zinc rose 0.64%, lead 0.37% and tin 0.84%; aluminium slipped 0.04% and nickel fell 0.36%. Alumina climbed 1.41% and aluminium alloy added 0.25%, while stainless steel lost 0.26%.

Original source

AI take

The split matters more than the headline number: alumina's 1.41% gain outpaced every metal in the complex, while aluminium itself was flat and stainless steel fell — a divergence that points to feedstock-specific pressure rather than broad industrial demand. Copper's firmer offshore print also suggests the move was partly currency- and macro-driven rather than purely domestic. Whether alumina's premium over aluminium persists, and whether copper's international lead holds, are the open questions worth tracking.

Generated by AI for reference only.

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