Metal Scrap Performance in China
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Metal scraps performances in Foshan market on May 15
2025-5-15
Copper: Today, the copper price in Foshan market fell slightly, and the trading mood in the market turned cautious. LME metal prices fell across the board, LME copper fell by $57/ton, and the main contract of SHFE copper fell by 270 yuan/ton, as the market remained cautious about global trade policies. Traders said that trade tariff conflicts are developing in a positive direction, alleviating people's concerns about the global economic recession. "However, trade negotiations are complicated and lengthy, so we can't safely predict that things will return to normal in the future." At present, it has entered the off-season of seasonal demand. After the copper price rose for several days, it adjusted back, and the market was cautious in purchasing, which greatly narrowed the premium of electrolytic copper to a discounted state. However, the continuous decline of copper inventory and the tight supply of recycled copper still supported the copper price.
Aluminum: Today, the aluminum price in Foshan market continues to rise, and the easing of Sino-US trade war stimulates short-term export improvement. The domestic aluminum market in Lido keeps rising before the delivery of SHFE aluminum, raising the fluctuation range to 20,000-20,500 yuan, and now the aluminum price follows the rise. However, there may still be variables in Sino-US trade in the future, and it is expected that there will be profit pressure after the short-term aluminum price continues to rise in the off-season.
Zinc: The easing of tariffs between China and the United States boosted market sentiment, but the substantial benefits were limited. SHFE zinc opened higher and went lower at night, and the cautious attitude enveloped the market, which affected the purchasing mentality of traders and manufacturers to a certain extent. Most merchants in the market were on the sidelines, and most purchases were mainly based on rigid demand, and the trading atmosphere in the market tended to be dull.
Stainless Steel: Nickel price fluctuated upward, stainless steel futures continued to rise, the spot market transaction price continued to rise, the transaction price of steel strip gradually moved up, the scrap industry was reluctant to sell, manufacturers increased their purchasing efforts, and the competition for receiving goods became more intense. (for reference only)
Aluminum: Today, the aluminum price in Foshan market continues to rise, and the easing of Sino-US trade war stimulates short-term export improvement. The domestic aluminum market in Lido keeps rising before the delivery of SHFE aluminum, raising the fluctuation range to 20,000-20,500 yuan, and now the aluminum price follows the rise. However, there may still be variables in Sino-US trade in the future, and it is expected that there will be profit pressure after the short-term aluminum price continues to rise in the off-season.
Zinc: The easing of tariffs between China and the United States boosted market sentiment, but the substantial benefits were limited. SHFE zinc opened higher and went lower at night, and the cautious attitude enveloped the market, which affected the purchasing mentality of traders and manufacturers to a certain extent. Most merchants in the market were on the sidelines, and most purchases were mainly based on rigid demand, and the trading atmosphere in the market tended to be dull.
Stainless Steel: Nickel price fluctuated upward, stainless steel futures continued to rise, the spot market transaction price continued to rise, the transaction price of steel strip gradually moved up, the scrap industry was reluctant to sell, manufacturers increased their purchasing efforts, and the competition for receiving goods became more intense. (for reference only)
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