Metal Scrap Performance in China
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Metal scraps performances in Foshan market on March 25
2025-3-25
Copper: The spot copper price in Foshan market rose slightly today, and the bullish sentiment has warmed up. The United States' rush to grab copper has caused global chaos, or some major copper consuming countries may face serious supply shortages. Goldman Sachs predicts that the net import of copper in the United States may surge by 50% to 100% in the coming months. Affected by this factor, LME copper continued to fluctuate repeatedly around the $10,000 mark, and SHFE copper once broke through the $82,000 mark in the morning, driving the spot copper price to rise. At present, there are waves of bullish voices in the market. Some well-known copper traders predict that the copper price may reach 12,000 or 13,000 US dollars per ton. However, at present, there are still many uncertainties on the macro level. The global eyes are focused on the US equivalent tariff on April 2, and there are still variables, but they dare not short copper.
Aluminum: Today, the aluminum price in Foshan market is stable, and the aluminum seal in SHFE period is in the range of 20,500-21,000, with limited price fluctuation. Trump's reciprocal tariff is about to be implemented, and the market risk aversion may heat up. In addition, the demand-side peak season expectation is slightly frustrated, and the downstream operating rate is still at a low level. Aluminum manufacturers are still cautious in purchasing goods, and basically maintain the strategy of "buying the dip and selling the rally".
Zinc: When zinc reaches a high level in the range, the wait-and-see atmosphere in the market remains unchanged, and traders are more cautious in receiving goods. Downstream manufacturers are even more worried about the price of zinc in the after-market, mostly waiting and seeing, with low purchasing enthusiasm and little change in market transactions.
Stainless Steel: With the nickel and stainless steel futures turning to a narrow range of volatility, the trading atmosphere in the spot market has also begun to slow down. At present, the price sentiment in the scrap industry has been digested, the circulation of goods has increased, but the enthusiasm of manufacturers for receiving goods has declined, and buyers and sellers generally focus on stable prices. (Analyzed by LTIT)
Aluminum: Today, the aluminum price in Foshan market is stable, and the aluminum seal in SHFE period is in the range of 20,500-21,000, with limited price fluctuation. Trump's reciprocal tariff is about to be implemented, and the market risk aversion may heat up. In addition, the demand-side peak season expectation is slightly frustrated, and the downstream operating rate is still at a low level. Aluminum manufacturers are still cautious in purchasing goods, and basically maintain the strategy of "buying the dip and selling the rally".
Zinc: When zinc reaches a high level in the range, the wait-and-see atmosphere in the market remains unchanged, and traders are more cautious in receiving goods. Downstream manufacturers are even more worried about the price of zinc in the after-market, mostly waiting and seeing, with low purchasing enthusiasm and little change in market transactions.
Stainless Steel: With the nickel and stainless steel futures turning to a narrow range of volatility, the trading atmosphere in the spot market has also begun to slow down. At present, the price sentiment in the scrap industry has been digested, the circulation of goods has increased, but the enthusiasm of manufacturers for receiving goods has declined, and buyers and sellers generally focus on stable prices. (Analyzed by LTIT)
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