铜、镍、铝等金属：价格有变动，市场多震荡格局

Group 1 - LME copper prices fell by 0.8% to $9,647 per ton, while SHFE copper dropped by 0.77% to ¥78,570 per ton, indicating ongoing losses in domestic import markets [1] - The US May CPI exceeded expectations, alleviating pressure on the Federal Reserve to cut interest rates in the second half of the year [1] - LME copper inventory decreased by 950 tons, while Comex copper increased by 1,044 tons, and SHFE copper warehouse receipts fell by 373 tons, reflecting mixed supply dynamics [1] Group 2 - LME nickel prices declined by 1.21% to $15,145 per ton, and SHFE nickel fell by 0.95% to ¥120,350 per ton, with LME inventory down by 966 tons and SHFE warehouse receipts down by 151 tons [1] - Nickel ore prices remain strong, and the surplus in stainless steel for June is expected to ease, although mid-term demand pressures persist [1] - The primary nickel fundamentals are improving but are constrained by downstream demand, with attention on nickel ore premiums and inventory performance [1] Group 3 - Alumina prices showed weak fluctuations, with AO2509 closing at ¥2,886 per ton, down 0.21%, while SHFE aluminum showed stronger fluctuations, with AL2507 closing at ¥20,250 per ton, up 0.4% [1] - The resumption of production in alumina enterprises is putting pressure on inventory, leading to weak adjustments in electrolytic aluminum, with expectations of short-term fluctuations around benchmark levels [1] Group 4 - Monocrystalline silicon prices showed strong fluctuations, with the main contract 2507 closing at ¥34,255 per ton, up 0.72%, while industrial silicon also saw strong fluctuations, with the main contract 2507 closing at ¥7,560 per ton, up 2.23% [1] - The reduction in hydropower prices in the southwest is leading to a cost adjustment in industrial silicon, while monocrystalline silicon continues to reduce load, with potential for expanded production cuts [1] Group 5 - Lithium carbonate futures for contract 2507 rose by 0.16% to ¥60,760 per ton, with mixed price movements in the spot market [1] - Warehouse inventory decreased by 172 tons, and lithium ore prices have stopped falling, with a significant month-on-month increase in June production supply, although demand growth remains unclear [1] - Prices are at a temporary bottom, leading to intensified competition between bulls and bears, with a focus on warehouse receipt conditions [1]