The market has misjudged the war; oil, copper, and aluminum inventories are at rock bottom, and a "turning point" for commodities is approaching!
The core contradiction in the commodity markets is shifting from "whether prices have risen too much" to "how long inventories can mask supply-demand gaps." Zhongtai Securities believes the market may underestimate the delayed impact of the US-Iran conflict on oil, copper, and aluminum supply and demand;
