B[Lun Copper stocks decreased by 1,175 tons] On October 16, London Metal Exchange (LME) data showed that copper stocks decreased by 1,175 tons, lead stocks decreased by 525 tons, aluminum stocks decreased by 250 tons, tin stocks decreased by 95 tons, zinc stocks increased by 7,225 tons, and nickel stocks decreased by 2,076 tons. B[Precious metals continue to fall, experts say the outlook for precious metals should be viewed with caution] October 16th: Recently, multiple precious metal varieties including gold, silver, platinum, and palladium have collectively declined. Taking gold as an example, during the day trading session on October 15, the Au99.99 spot contract on the Shanghai Gold Exchange fell to an intraday low of 880 yuan/gram, down about 30% from the year's high. Silver prices fell even more sharply. The main silver futures contract on the Shanghai Futures Exchange closed down more than 5% that day, falling below 14,000 yuan/kg. The cumulative decline from this year's high has exceeded 50%. The trend of domestic platinum and palladium futures is also very weak. Among them, the price of the main palladium futures contract of Guangzhou Futures Exchange hit a new low since its listing. The recent decline in precious metal prices has been affected by various factors such as the Federal Reserve's expectation to raise interest rates, and the upstream and downstream parts of the precious metal industry chain have been affected to varying degrees. Experts interviewed generally believe that the market outlook for precious metals should be viewed with caution. B[Electronic cloth prices continue to rise, high-end production capacity is expected to be released] October 16th, electronic cloth prices continued to rise this month, and relevant listed companies accelerated the deployment of high-performance products such as low dielectric and low thermal expansion coefficient, and adjusted product structures through new production capacity and technological transformation. A research report released by Guojin Securities on October 9 showed that since this month, the price of 7628 electronic cloth has increased again by 1.5 yuan/meter, G75 electronic yarn has increased by 3,000 yuan/ton, and 2116 and 1080 thin cloth have both increased by 2.5 yuan/meter. The research report believes that factors such as tight supply of looms, higher-than-expected downstream demand, and continued rise in copper-clad laminate prices have jointly promoted the continued rise in electronic cloth prices. B[Alcoa’s third-quarter sales were $3.70 billion Increased 24% year-on-year] October 16th, Alcoa's third-quarter sales were US$3.70 billion, a year-on-year increase of 24%, estimated at US$3.76 billion, adjusted earnings per share of US$1.82, loss per share of US$0.020 in the same period last year, estimated at US$1.49, adjusted earnings before interest, taxes, depreciation and amortization of US$789 million, US$270 million in the same period last year, estimated at US$738.4 million. B[LME metal futures closed generally lower] On October 16, LME metal futures closed generally lower, with LME copper futures closing down $144 at $14,347/ton. LME aluminum futures closed flat at $2,987 per ton. LME zinc futures closed down $54 at $3,664 per ton. LME lead futures closed down $16 at $1,881/ton. LME nickel futures closed down $289 at $15,221 per ton. LME tin futures closed down $321 at $50,125 per ton. LME cobalt futures closed down $2,530 at $36,815 per ton. B[Lun Copper stocks decreased by 1,650 tons] On October 14, London Metal Exchange (LME) data showed that zinc stocks increased by 5,725 tons, nickel stocks increased by 150 tons, tin stocks increased by 35 tons, lead stocks decreased by 1,750 tons, aluminum stocks decreased by 250 tons, and copper stocks decreased by 1,650 tons. B[National Bureau of Statistics: The accelerated development of artificial intelligence, computing and computing collaboration and other fields has led to increased demand and price increases in some industries] On October 14th, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interpreted the CPI and PPI data for September 2026. From a month-on-month basis, the national PPI increased by 1.2%, and the increase increased by 0.8 percentage points from the previous month. The main characteristics of this month's PPI month-on-month operation are: First, the rise in international crude oil and non-ferrous metal prices has driven up prices in related domestic industries. The prices of petroleum extraction, refined petroleum product manufacturing, and organic chemical raw material manufacturing increased by 14.5%, 7.4%, and 5.4% respectively. The prices of non-ferrous metal mining and processing industries, and non-ferrous metal smelting and rolling processing industries increased by 1.6% and 1.5% respectively. The five industries together affected the PPI to rise by approximately 0.63 percentage points month-on-month. Second, changes in supply and demand in some energy and raw material industries have driven up prices. Affected by factors such as the increased demand for coal for heating in winter, the periodic tightness of supply in main mining areas, and the expected effect of rising international coal prices, prices in the coal mining and washing industry and coal processing increased by 9.5% and 13.6% respectively;
Demand for construction materials such as steel and cement has rebounded. Coupled with rising raw material costs, prices in the non-metallic mineral products industry have increased by 0.3% after falling for seven consecutive months. Prices in the ferrous metal smelting and rolling processing industry have increased by 0.2%. The four industries have collectively affected the PPI to rise by approximately 0.38 percentage points month-on-month. Third, the accelerated development of artificial intelligence, computing and computer collaboration and other fields has led to increased demand and rising prices in some industries. The prices of electrical machinery and equipment manufacturing, computer communications and other electronic equipment manufacturing all increased by 0.4%, and the two industries together affected the PPI to rise by about 0.07 percentage points month-on-month.
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