Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on December 2
2021-12-2
Copper: Today, the recycled copper price in Foshan market continues to fall. In the short term, under the pressure of new variant virus and tight annual capital flow, the copper price continues to fluctuate within a narrow range. Traders expect that the short-term copper price will remain weak and volatile, and the expected price fluctuation range is limited. In December, the liquidity of funds will become increasingly tight, which may restrict the purchasing power of the copper market. At present, copper manufacturers generally reflect that there are fewer orders and lower prices in purchasing. At present, the electric copper inventory in Guangdong has been reduced to about 6,000 tons, and the low-electric copper inventory continues to provide support for its premium. The supply of recycled copper continues to be in short supply, and the sellers are reluctant to sell at a reduced price. However, due to weak demand, the offer price of factory enterprises is generally lower than the receiving price of recyclers, resulting in less transactions.
Aluminum: Today, the aluminum price in Foshan market continues to drop slightly. In December, factories and enterprises have stepped up their efforts to withdraw funds. However, due to the early arrival of the Spring Festival this year, some factories and enterprises have appropriately expanded their receiving volume at the current price, while others have continued to purchase on demand. In the short term, as factories and enterprises enter the year-end repayment cycle, the capital flow becomes increasingly tight, which may restrict the purchasing power of the market.
Zinc: Today, the zinc price in Foshan market continues to rise slightly, and the trend is relatively better than that in copper and aluminum market. Zinc continues to fluctuate in a narrow range, and middlemen and traders are still worried about the trend of zinc market in the future. They are cautious in purchasing a large amount of zinc. Most downstream manufacturers maintain purchasing on demand, and some manufacturers replenish their stocks in an appropriate amount. The overall turnover has not changed much compared with yesterday.
Stainless Steel: Today, the price of stainless steel in Foshan market fell slightly under pressure. In December, the decline of stainless steel has not stopped, the downstream demand is sluggish, and the price of 304 continues to fall under pressure. When the production profit is gradually compressed, the steel mills shift the pressure on raw materials and continuously reduce the purchase price of scrap, but the industry is reluctant to sell the goods at a low price, and the circulation of goods is less, which leads to a stalemate. (Analyzed by LTIT)
Aluminum: Today, the aluminum price in Foshan market continues to drop slightly. In December, factories and enterprises have stepped up their efforts to withdraw funds. However, due to the early arrival of the Spring Festival this year, some factories and enterprises have appropriately expanded their receiving volume at the current price, while others have continued to purchase on demand. In the short term, as factories and enterprises enter the year-end repayment cycle, the capital flow becomes increasingly tight, which may restrict the purchasing power of the market.
Zinc: Today, the zinc price in Foshan market continues to rise slightly, and the trend is relatively better than that in copper and aluminum market. Zinc continues to fluctuate in a narrow range, and middlemen and traders are still worried about the trend of zinc market in the future. They are cautious in purchasing a large amount of zinc. Most downstream manufacturers maintain purchasing on demand, and some manufacturers replenish their stocks in an appropriate amount. The overall turnover has not changed much compared with yesterday.
Stainless Steel: Today, the price of stainless steel in Foshan market fell slightly under pressure. In December, the decline of stainless steel has not stopped, the downstream demand is sluggish, and the price of 304 continues to fall under pressure. When the production profit is gradually compressed, the steel mills shift the pressure on raw materials and continuously reduce the purchase price of scrap, but the industry is reluctant to sell the goods at a low price, and the circulation of goods is less, which leads to a stalemate. (Analyzed by LTIT)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
