Copper:

Today, the price of recycled copper in Foshan market fell slightly and the short-term trend was weak. Sino-U.S. trade relations are once again uncertain due to Trump's remarks that "tariffs may be imposed". Market caution clearly intensifies. LME copper continues to hover below US$ 6,000, while Shanghai Copper has fallen slightly, dragging down domestic spot copper prices. At present, the demand in the domestic copper market is still in the off-season of consumption, and copper companies generally reflect that the orders are relatively small. Therefore, the purchase of raw materials is still based on demand. On the premise that the copper price is uncertain, there is no plan to replenish large quantities. As for the supply of domestic recycled copper, due to environmental protection, customs duties and other factors, the import volume continues to be low, while the supply of domestic resources is limited, the overall supply is still tight and the price is firm.

Aluminum:

Today, the price of aluminum in Foshan market continues to perform steadily. Compared with the fluctuation of zinc and nickel, the price of aluminum still decreases in July. The decreased demand in the off-season and environmental supervision are still exerting pressure on aluminum prices. At present, the enthusiasm of aluminum manufacturers in purchasing is still not good. With the deepening of the off season, the rate of aluminum ingot inventory reduction has slowed down obviously, aluminum rods have begun to accumulate, and the national aluminum ingot inventory has shown a slight recovery.

Zinc:

The price of zinc in Foshan market rose further today, and the continuous rise of zinc in Shanghai in the spot market on the 4th led to the recovery of market confidence. As zinc price has already accumulated a certain increase, the delivery mentality of the goods-holders is more positive and profits are the first. However, downstream zinc producers are still skeptical about whether the short-term zinc price rise can be maintained. Therefore, they are cautious in purchasing. Some of them replenish their stock at a low price and the turnover is relatively low.

Stainless steel:

The price increase of waste stainless steel in Foshan market is further expanded today, mainly driven by crazy nickel price. The aggressive nickel was a little unexpected. In just ten trading days, Shanghai nickel in the spot market has accumulated an increase of 18,870 yuan. The stainless steel market continues to prosper, with steel mills pushing up prices. However, the strength of waste stainless steel is slightly inferior to that of rising prices, and the downstream capacity is limited. (Source: Lingtong Metal Information)