Metal Scrap Performance in China
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Metal scraps performances in Foshan market on May 27
2025-5-27
Copper: Today, the copper price in Foshan market is stable, and market transactions continue to be cautious. Entering the seasonal off-season, the demand of copper market continues to weaken, and copper manufacturers generally report that orders are less, so the purchase is still based on demand. At present, the gradual slowdown in demand in the copper market has put pressure on short-term copper prices. However, in view of the easing of tariff concerns, the demand in the copper market is still resilient, and the US dollar index continues to fall, and the decline in copper prices is expected to be limited. At present, the premium of spot electrolytic copper in Guangdong has slightly increased, and the social inventory has fallen to about 11,800 tons. The supply of recycled copper is still in a tight state, and the holders are mainly at a high price, and some merchants have made profits and reduced their positions. Considering the after-market, we need to pay attention to the risk of economic weakness and its impact on the market in the context of repeated trade situations.
Aluminum: Today, the price of aluminum in Foshan market dropped sharply, and the falling price of alumina put pressure on the aluminum market. SHFE aluminum remained weak and fluctuated around 20,000 yuan. Last week, aluminum ingots went to the warehouse for 28,000 yuan, which exceeded expectations. Looking back, the actual consumption in May and June is still expected to weaken obviously. Aluminum ingots are expected to maintain the pace of going to the warehouse, but the range may be narrowed, and the aluminum price in the after-market may maintain a range fluctuation.
Zinc: The market suddenly improved, and the price of zinc rallied sharply. According to the news, a zinc refinery in South China extended its maintenance for some reason, and the domestic social library went down at a low level in the same period, which supported the sharp rise in zinc prices. Analysts reminded that the contract in recent months should pay attention to the risk of crowding positions. However, at present, the demand of zinc market is in the seasonal off-season, and zinc manufacturers are still cautious in purchasing, mainly purchasing on demand, with a slight increase in transactions.
Stainless Steel: SHFE nickel and stainless steel futures fell, the confidence in the spot market was damaged, the transaction of steel strip price reduction and exchange was still weak, the scrap trading atmosphere was dull, the manufacturers were not active, the general buyers maintained the attitude of receiving goods at low prices, and the circulation of supply transactions was not smooth. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market dropped sharply, and the falling price of alumina put pressure on the aluminum market. SHFE aluminum remained weak and fluctuated around 20,000 yuan. Last week, aluminum ingots went to the warehouse for 28,000 yuan, which exceeded expectations. Looking back, the actual consumption in May and June is still expected to weaken obviously. Aluminum ingots are expected to maintain the pace of going to the warehouse, but the range may be narrowed, and the aluminum price in the after-market may maintain a range fluctuation.
Zinc: The market suddenly improved, and the price of zinc rallied sharply. According to the news, a zinc refinery in South China extended its maintenance for some reason, and the domestic social library went down at a low level in the same period, which supported the sharp rise in zinc prices. Analysts reminded that the contract in recent months should pay attention to the risk of crowding positions. However, at present, the demand of zinc market is in the seasonal off-season, and zinc manufacturers are still cautious in purchasing, mainly purchasing on demand, with a slight increase in transactions.
Stainless Steel: SHFE nickel and stainless steel futures fell, the confidence in the spot market was damaged, the transaction of steel strip price reduction and exchange was still weak, the scrap trading atmosphere was dull, the manufacturers were not active, the general buyers maintained the attitude of receiving goods at low prices, and the circulation of supply transactions was not smooth. (for reference only)
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