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Metal scraps performances in Foshan market on May 26
2022-5-26
Copper: The price of secondary copper in Foshan market continues to drop slightly today. The short-term domestic copper price is stable, and it mainly keeps Horizontal Price Movement, which is in sharp contrast to the up and down trend of the outer. At present, electrolytic copper trading is still active, and the inventory in Guangdong continues to fall back to a low level of 16,000 tons, and the spot trading premium is high; From the recent situation, the low performance of domestic copper supply is good for the price, and the continuous introduction of stimulus measures by the state is also good for the market. However, the establishment of confidence and the full-scale start-up of demand need to be strengthened by the market's operation behavior. It is expected that the short-term copper price will fluctuate in the range around 1000 yuan, and the news will be the main influence.

Aluminum: Today, the aluminum price in Foshan market has stopped falling and stabilized, but the rebound of aluminum price is still weak. Aluminum factories and enterprises mainly purchase on demand at the end of the month. Recently, the policy has been favorable, but it still takes time to build market confidence. At present, the industry is generally worried about the epidemic prevention pressure that the personnel flow may bring to the local area after Shanghai's unsealing. It is expected that the short-term aluminum price will still fluctuate in a narrow range.

Zinc: Today, the price of zinc in Foshan market has dropped slightly. Traders are mostly cautious, while downstream manufacturers are not afraid of falling. Most of them are cautious in purchasing goods, mainly purchasing on demand. In the case of weak market transactions, it also drags down traders' enthusiasm for receiving goods to a certain extent, and the market transactions are general.

Stainless Steel: nickel price has declined weakly, and the spot price of stainless steel resources, which is the trend of the decline, has continued to decline. The pressure of market inventory has been increasing, and the waste industry has also been enveloped by the atmosphere of falling prices. Manufacturers' enthusiasm for operation has been greatly reduced, and the phenomenon of stopping or drastically lowering prices has been frequent, and the market has continued to decline. (Analyzed by LTIT)

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