Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on February 19
2025-2-19
Copper: Today, the spot copper price in Foshan market stopped falling and stabilized, the US tariff issue was temporarily eased, and the market sentiment stabilized. The focus turned to the minutes of the Federal Reserve's January monetary policy meeting to seek guidance on interest rate trends. At present, the contradiction between supply and demand in copper market is not prominent, the decline of TC in copper concentrate is enlarged, and the supply is tight; Although social stocks have accumulated, the growth rate has slowed down. Downstream bargain-hunting, traders' willingness to ship is limited, premium is stable, and market transactions are stable. Judging from the recent situation, there is no more reverse invoicing for the time being. However, with the domestic follow-up highlighting the promotion of new energy, new technology and the development of private enterprises, the follow-up is expected to have a positive effect on copper demand, and the domestic electricity and copper price of 78,000 yuan is still a short-term wait-and-see test position.
Aluminum: Today, the price of aluminum in Foshan market rose slightly. The oversold and rebound of alumina helped the price of aluminum, and the market worries eased. After the Lantern Festival, aluminum downstream enterprises resumed work in an all-round way, and the demand is expected to rebound rapidly. The situation of domestic aluminum profile enterprises' resumption of work exceeded the expectation years ago, and the operating rate was higher than that predicted before the holiday. Domestic aluminum prices are expected to fluctuate at a high level.
Zinc: The main contract of SHFE zinc has returned to the pressure level of 24,000. Traders are cautious in receiving goods and maintaining existing inventory operations. Most of them make inquiries after receiving orders. Downstream manufacturers are worried about the price of zinc in the after-market, and their purchasing enthusiasm is not high, so the market turnover is average. China's economy started its spring offensive, and the warmer mood led to an increase in buying. It is expected that the zinc price will fluctuate upward in the afternoon.
Stainless Steel: The rise of stainless steel futures is conducive to the warming of the trading atmosphere in the spot market. Due to the release of steel mill capacity, the supply pressure has increased sharply. In addition, the recent weak performance of nickel price, the spread of market anxiety, the scrap industry hopes that the steel strip transaction will improve and can drive the market to improve, and the price is difficult to break through temporarily. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market rose slightly. The oversold and rebound of alumina helped the price of aluminum, and the market worries eased. After the Lantern Festival, aluminum downstream enterprises resumed work in an all-round way, and the demand is expected to rebound rapidly. The situation of domestic aluminum profile enterprises' resumption of work exceeded the expectation years ago, and the operating rate was higher than that predicted before the holiday. Domestic aluminum prices are expected to fluctuate at a high level.
Zinc: The main contract of SHFE zinc has returned to the pressure level of 24,000. Traders are cautious in receiving goods and maintaining existing inventory operations. Most of them make inquiries after receiving orders. Downstream manufacturers are worried about the price of zinc in the after-market, and their purchasing enthusiasm is not high, so the market turnover is average. China's economy started its spring offensive, and the warmer mood led to an increase in buying. It is expected that the zinc price will fluctuate upward in the afternoon.
Stainless Steel: The rise of stainless steel futures is conducive to the warming of the trading atmosphere in the spot market. Due to the release of steel mill capacity, the supply pressure has increased sharply. In addition, the recent weak performance of nickel price, the spread of market anxiety, the scrap industry hopes that the steel strip transaction will improve and can drive the market to improve, and the price is difficult to break through temporarily. (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!
