📌 Commodity Market Update

Advisory Bazaar Info Services

🔹 Copper: BC Copper 2602 surged by 4.4% on fears of a potential supply deficit. Spot market supply remains adequate, but demand is weak at elevated prices. The SHFE–BC spread stayed negative.

🔹 Zinc: SHFE Zinc 2602 gained 1.99%. Bulls dominated the market, with support coming from strength in copper and aluminum.

🔹 Iron Ore: DCE iron ore prices remained firm, supported by pre-holiday restocking and reduced impact from maintenance shutdowns.

🔹 Stainless Steel (SS): A sharp rally in nickel boosted both SS futures and spot prices. Tight supply and declining inventories provided support, though correction risk persists at higher price levels.

🔹 Nickel: Nickel and stainless steel prices jumped on Indonesia-related developments, reinforcing strong cost support.

➡️ Overall Sentiment: The rally is largely futures-driven, backed by strong cost support. However, limited demand keeps correction risks alive at higher levels.