Metal Scrap Performance in China
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Metal scraps performances in Foshan market on May 13
2025-5-13
Copper: Today, the copper price in Foshan market fell slightly, and the trading sentiment in the market continued to be cautious. Sino-US economic and trade talks issued a joint statement to relieve the pressure on the global economy, and non-ferrous metal futures generally rose. However, LME copper continued to test and wait around $9,500 because the inventory of refined copper in the United States rose above 160,000 short tons and reached a new high, superimposed on the softening of gold and the strengthening of the US dollar index. At present, it has entered the off-season of seasonal demand, and the market trading sentiment is slightly cautious. Most merchants wait and see, and the domestic electrolytic copper has greatly narrowed the premium before delivery. Judging from the current situation, the international geopolitical war has eased and Sino-US relations have eased, which is beneficial to the trend of copper prices. However, the development of the global economic situation and the changeable measures of the United States are still under pressure, and it is expected that the short-term wait-and-see oscillation will be slightly stronger.
Aluminum: Today, the price of aluminum in Foshan market has risen sharply, and the market transactions have improved. The easing of trade relations between China and the United States has created a window for aluminum prices to rebound, and SHFE aluminum has hit the 20,000 yuan mark again, showing its bright performance. Macro-positive has brought optimism to the aluminum market, coupled with the support of alumina's low rebound, aluminum prices have rebounded. Recently, most aluminum manufacturers have pursued goods and transactions have improved.
Zinc: the price of zinc continues to drop, and the market is mainly on the sidelines. Middlemen are cautious in purchasing goods according to orders. Downstream manufacturers are worried about the price of zinc in the market, and their purchasing enthusiasm is not high. Market transactions are mainly based on rigid demand. Looking forward to the market outlook, the analysis shows that the fundamentals of the zinc market will gradually shift to a loose pattern, and it is expected that the zinc price operation range will gradually move down in the medium term due to the macro-level vacancy.
Stainless Steel: Without fear of falling resistance of nickel price, stainless steel futures continued to rise, approaching the 13,000 mark. Stimulated by the good news of superimposed tariffs, the spot market began to boil, the steel strip transaction and price both rose, and the scrap transaction was not to be outdone. The manufacturers continued to actively promote the receipt of goods, and the transaction price of 304 new materials weighed 10,000 yuan. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market has risen sharply, and the market transactions have improved. The easing of trade relations between China and the United States has created a window for aluminum prices to rebound, and SHFE aluminum has hit the 20,000 yuan mark again, showing its bright performance. Macro-positive has brought optimism to the aluminum market, coupled with the support of alumina's low rebound, aluminum prices have rebounded. Recently, most aluminum manufacturers have pursued goods and transactions have improved.
Zinc: the price of zinc continues to drop, and the market is mainly on the sidelines. Middlemen are cautious in purchasing goods according to orders. Downstream manufacturers are worried about the price of zinc in the market, and their purchasing enthusiasm is not high. Market transactions are mainly based on rigid demand. Looking forward to the market outlook, the analysis shows that the fundamentals of the zinc market will gradually shift to a loose pattern, and it is expected that the zinc price operation range will gradually move down in the medium term due to the macro-level vacancy.
Stainless Steel: Without fear of falling resistance of nickel price, stainless steel futures continued to rise, approaching the 13,000 mark. Stimulated by the good news of superimposed tariffs, the spot market began to boil, the steel strip transaction and price both rose, and the scrap transaction was not to be outdone. The manufacturers continued to actively promote the receipt of goods, and the transaction price of 304 new materials weighed 10,000 yuan. (for reference only)
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