Aluminum: Today, the price of aluminum in Foshan market has risen sharply. The domestic economy is expected to boost the confidence of the aluminum market, consumer expectations remain resilient, and the spot market remains optimistic about the after-market. Downstream traders maintained rigid-demand replenishment, and the situation of aluminum ingots leaving the warehouse improved. Although aluminum prices are at risk of profit at any time, domestic aluminum prices may continue to fluctuate strongly driven by LME aluminum.
Zinc: Driven by the strong surge of copper price, the zinc price in Foshan market has ushered in a moderate increase today. The cautious attitude of the market dominates the market, and traders are under great pressure to receive goods. Most of them make inquiries after receiving orders. Downstream manufacturers are worried about the after-market, and their purchasing enthusiasm is not high. The trading atmosphere in the market is quiet. Driven by the surge in copper, the overall direction of zinc is still bullish.
Stainless Steel: The news that Russian metal was sanctioned continued to ferment, and the price of nickel finally surged. LME Nickel successfully broke through the $19,000 mark and refreshed the high point of the year, which stimulated SHFE Nickel to rise sharply on Monday, stainless steel futures continued to rise, and the price increase in the spot market will be tested. The scrap traders are cautious, the manufacturers' purchasing and offering prices are conservative, and the market is rising. (Analyzed by LTIT)
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