Core Viewpoint - LME metal futures experienced a general increase, with notable gains in aluminum, zinc, and tin, indicating a bullish trend in the metals market [1] Group 1: Price Movements - LME copper closed at $13,120, up $96, a rise of 0.74% [1] - LME aluminum closed at $3,263.5, up $51, a rise of 1.59% [1] - LME zinc closed at $3,375.5, up $17, a rise of 0.51% [1] - LME lead closed at $2,027, down $1, a decrease of 0.05% [1] - LME tin closed at $56,795, up $1,930, a rise of 3.52% [1] - LME nickel closed at $18,440, up $205, a rise of 1.12% [1] Group 2: Market Trends - LME aluminum has seen five consecutive days of increases, reflecting strong demand [1] - LME zinc has reached its highest level in nearly three years, indicating a significant upward trend [1] - LME tin has set a new record high, showcasing robust market conditions [1]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - Overseas: The US consumer confidence index in January dropped to its lowest since 2014, the dollar index hit a four - year low, and geopolitical risks in the Middle East increased. Domestically, A - shares entered a phase of volume contraction and differentiation, but the medium - term trend remained positive. Industrial enterprise profits in December 2025 showed year - on - year growth, and the full - year profit in 2025 had its first increase in four years [2][3]. - Precious metals: Gold prices hit new highs, and the gold - silver ratio was expected to recover from a 50 - year low [4]. - Copper: The decline in the US consumer confidence index led to a fall in copper prices. It was expected to maintain a high - level range - bound oscillation in the short term [5][6]. - Aluminum: The sharp decline in the US dollar index boosted aluminum prices, which were expected to oscillate at a high level [7]. - Alumina: The supply pressure decreased slightly, and alumina prices were expected to stabilize [8][9]. - Cast aluminum: The supply - demand stalemate continued, and cast aluminum prices were expected to oscillate at a high level [10]. - Zinc: Supported by the weakening dollar and cost factors, zinc prices were expected to maintain a high - level oscillation [11]. - Lead: Refinery production cuts provided some support, and lead prices were expected to remain weak with possible fluctuations around the integer level [12][13]. - Tin: Regulatory measures were offset by the sharp fall of the dollar, and tin prices were expected to oscillate at a high level, but there was a risk of correction [14]. - Steel products (Screw and coil): Before the Spring Festival, demand was limited, and steel prices were expected to oscillate weakly [15]. - Iron ore: Supply pressure persisted, and iron ore prices were expected to oscillate downward [16]. - Coking coal and coke: Spot trading was sluggish, and futures prices were expected to oscillate weakly [18]. - Soybean and rapeseed meal: Attention should be paid to the progress in South American production areas, and soybean meal prices were expected to continue to oscillate [19][20]. - Palm oil: It was expected to oscillate strongly in the short term due to geopolitical factors, policy support, and supply - demand changes [21]. 3. Summaries According to Relevant Catalogs 3.1 Metal Main Varieties Yesterday's Trading Data - The report provides the closing prices, price changes, price change percentages, total trading volumes, total open interest, and price units of various metal futures contracts such as SHFE copper, LME copper, SHFE aluminum, etc. [22] 3.2 Industrial Data Perspective - For copper, it shows the price changes of SHFE copper and LME copper, as well as data on inventory, spot quotes, and spreads. Similar data are presented for nickel, zinc, lead, aluminum, alumina, tin, precious metals, steel products, iron ore, coking coal, coke, lithium carbonate, industrial silicon, and soybean meal [23][25][27][29]

Core Insights - LME metal futures showed mixed performance, with aluminum reaching its highest level since April 2022 [1] Group 1: Market Performance - As of the close, copper was reported at $13,024, down $159, a decrease of 1.21% [1] - Aluminum closed at $3,212.5, up $17, an increase of 0.53%, marking a four-day consecutive rise [1] - Zinc was reported at $3,358.5, up $7.5, an increase of 0.22% [1] - Lead closed at $2,028, down $8, a decrease of 0.39% [1] - Tin was reported at $54,865, up $370, an increase of 0.68% [1] - Nickel closed at $18,235, down $355, a decrease of 1.91% [1]

今日国内金属期货大涨，沪银大涨超14%，铂飙涨10%，突破760元/吨历史新高，沪锡、钯涨双双超 8%，沪锡首破46万元/吨关口，碳酸锂涨超6%，沪铜涨超3%。 华宝期货表示，从全年来看，宏观变量对价格波动影响加剧，中美财政与货币总体宽松，海外流动性预 期偏强，地缘政治风险不确定性仍大，预计有色板块整体偏强，铝价高位运行仍有冲高动能。 1月26日，有色金属强势高开，锡业股份涨超9%，兴业银锡、中金黄金涨超8%，云南铜业、中钨高新 涨超6%。截至9：42，工业有色ETF万家（560860）跳空大涨4.06%，创历史新高！盘中成交额超1.5 亿，交投活跃。 工业有色ETF万家（560860）备受资金青睐，资金连续两日净流入，合计"吸金"超2.8亿元，近10日"吸 金"超25亿，近20日"吸金"超40亿元。截至1月23日，该基金最新规模达143.78亿元。 工业有色ETF万家（560860）紧密跟踪中证工业有色金属主题指数，覆盖铜、铝、稀土等战略资源龙 头，场外投资者可通过联接（A类：018489；C类：018490）布局顺周期与政策红利共振机遇。 （基金有风险，投资须谨慎） ...

长江有色网1月24日早讯：周五晚间LME金属期货全线上涨，伦锡领涨再创历史新高。 截止收盘，伦铜报13128.5美元涨288.5美元，涨幅2.25%；伦铝报3173.5美元涨36美元，涨幅1.15%；伦 锌报3269美元涨36美元，涨幅1.11%；伦铅报2035美元涨1.5元，涨幅0.07%；伦锡报56605美元涨3945美 元，涨幅7.49%；伦镍报18710美元涨610美元；涨幅3.37%。 新浪合作大平台期货开户 安全快捷有保障 ...

中盛期货 有色新能源周度报告 中盛期货 20260123 中盛期货 国内主要金属现货价格走势 | 品种 | | | 期货主力合约收盘价格 | | | | 现货价格 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 主力合约 | 2026.01.16 | 2026.01.23 | 周变动 | 周涨跌幅 | 现货指标 | 2026.01.16 | 2026.01.23 | 周变动 | 周涨跌幅 | | 铜 | CU2603 | 100770 | 101340 | 570 | 0.57% | 平均价:1#铜:上海现货 | 101780 | 100920 | -860 | -0.84% | | 铝 | AL2603 | 23925 | 24290 | 365 | 1.53% | 平均价:A00铝:上海现货 | 24010 | 241000 | 90 | 0.37% | | 锌 | ZN2603 | 24750 | 24585 | -165 | -0.67% | 平均价:0#锌:上海现货 | 24840 | 2 ...

每经AI快讯，1月23日，上期所基本金属期货夜盘收盘涨跌不一，沪锡涨1.70%，氧化铝涨1.15%，沪锌 涨0.74%，沪铝涨0.21%，沪镍涨0.28%，沪铅平0.00%，沪铜跌0.43%，不锈钢跌0.75%。 （文章来源：每日经济新闻） ...

金属板块普涨，镍不锈钢震荡走高 镍品种 市场分析 新能源及有色金属日报 | 2026-01-22 跨期：无 跨品种：无 期现：无 期权：无 2026-01-21日沪镍主力合约2602开于142600元/吨，收于143060元/吨，较前一交易日收盘变化0.39%，当日成交量为 745668（+50522）手，持仓量为75892（-3113）手。 期货方面：昨日沪镍主力合约整体表现为宽幅波动、尾盘收涨，多空博弈激烈，核心驱动来自宏观情绪、外盘联 动与供需预期的综合影响。日内有色金属及贵金属板块普涨，一定程度上带动了沪镍价格走势。 镍矿方面：Mysteel方面消息，日内镍矿价格延续上行态势，市场看涨与挺价情绪主导，实际成交价格重心进一步 上移。菲律宾矿山高报价持续引导市场。国内市场有1.5%品位镍矿以CIF57美元成交，另有大型工厂对该品位的心 理采购价位在58-59美元。同时，1.4%品位CIF53美元左右的报价已出现，但买方接受意愿较低，凸显市场博弈加 剧。此外，菲律宾南部矿山1.3%品位镍矿以FOB35.5美元的价格成交并运往印尼，矿端心态普遍看涨。印尼方面， 市场价格在前期大幅上调后暂时企稳。市场正在消化当 ...

Group 1 - LME metal futures experienced a widespread decline, with nickel dropping over 2% [1] - As of the close, copper was reported at $12,796.5, down $190.5, a decrease of 1.47% [1] - Aluminum closed at $3,118.5, falling by $47, which is a decline of 1.48% [1] - Zinc was reported at $3,175, down $59, reflecting a decrease of 1.82% [1] - Lead closed at $2,028, down $36.5, marking a decline of 1.77% [1] - Tin was reported at $49,650, down $190, a decrease of 0.38% [1] - Nickel closed at $17,760, down $385, representing a decline of 2.12% [1]

Group 1 - The core viewpoint of the articles highlights the rising interest in investing in copper bars amid increasing prices of precious metals like gold and silver, driven by geopolitical tensions and market dynamics [1][3][5]. - International gold prices reached a peak of $4,710.11 per ounce, with a 2.5% increase, while silver prices hit $94.42 per ounce, marking a 6.64% rise [1]. - In Shenzhen, the largest gold and jewelry distribution center in China, merchants have started offering pure copper 999.9 investment bars, primarily in 1,000-gram specifications, priced between 180 to 280 yuan [3]. Group 2 - In Hangzhou, there is a growing curiosity about copper bars among investors, although many remain skeptical about their value and future resale potential [5]. - Merchants express uncertainty regarding the buyback process for copper bars, indicating that they currently only sell and do not offer buyback options [5]. - The price of copper has seen significant increases, with a 34.34% rise in 2025, and it reached a historical high of $13,407 per ton on the London Metal Exchange [5][7]. Group 3 - Experts suggest that copper is not suitable for individual investment due to high premiums and the lack of intrinsic value compared to gold and silver, which have safe-haven attributes [7]. - The industrial demand primarily drives copper prices, contrasting with the monetary properties of gold and silver [7].