Metal Scrap Performance in China
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Metal scraps performances in Foshan market on May 28
2025-5-28
Copper: Today, the copper price in Foshan market continues to be stable, and market transactions continue to be cautious. At present, SHFE copper maintains a narrow consolidation around 78,000 yuan, while LME copper fluctuates around 9,600 dollars. This week, the trend is still dominated by range fluctuations, and the direction is still unclear. 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 short-term copper prices may be limited. At present, the domestic spot copper price is supported by tight supply and continues to maintain a premium state, and the social inventory of electrolytic copper runs at a low level. It is expected that the short-term copper price will remain at a high level and fluctuate strongly.
Aluminum: Today, the aluminum price in Foshan market stopped falling and rallied, and the low inventory supported the short-term aluminum price. At present, the arrival of goods in various markets is less, social stocks continue to go to the warehouse, and although consumption is expected in the off-season, the actual slowdown is slightly slower. Looking back, the actual consumption in May and June is still expected to weaken obviously, aluminum ingots are expected to maintain the rhythm of going to the warehouse, and the aluminum price in the market outlook may maintain a range fluctuation.
Zinc: Zinc is weak, the supply of goods is tight, the asking price of goods holders is firm, most downstream manufacturers are cautious in purchasing goods on demand, and the market transaction is weak, which has dragged down the enthusiasm of traders to receive goods to some extent and the market transaction is weak. Macro-expectations and supply-side disturbances triggered short-term support, and the traditional off-season demand weakened, and the zinc price volatility was expected to be weak in the market outlook.
Stainless Steel: The price of nickel fluctuated and fell, and the stainless steel futures continued to fall, and the confidence in the spot market was hit. At the end of the month, the demand side was quiet. Steel strip trading fell into an atmosphere of falling prices, and scrap was led by large steel mills, and manufacturers in the industry generally fell into receiving goods at a reduced price, and the market showed a downward trend. (for reference only)
Aluminum: Today, the aluminum price in Foshan market stopped falling and rallied, and the low inventory supported the short-term aluminum price. At present, the arrival of goods in various markets is less, social stocks continue to go to the warehouse, and although consumption is expected in the off-season, the actual slowdown is slightly slower. Looking back, the actual consumption in May and June is still expected to weaken obviously, aluminum ingots are expected to maintain the rhythm of going to the warehouse, and the aluminum price in the market outlook may maintain a range fluctuation.
Zinc: Zinc is weak, the supply of goods is tight, the asking price of goods holders is firm, most downstream manufacturers are cautious in purchasing goods on demand, and the market transaction is weak, which has dragged down the enthusiasm of traders to receive goods to some extent and the market transaction is weak. Macro-expectations and supply-side disturbances triggered short-term support, and the traditional off-season demand weakened, and the zinc price volatility was expected to be weak in the market outlook.
Stainless Steel: The price of nickel fluctuated and fell, and the stainless steel futures continued to fall, and the confidence in the spot market was hit. At the end of the month, the demand side was quiet. Steel strip trading fell into an atmosphere of falling prices, and scrap was led by large steel mills, and manufacturers in the industry generally fell into receiving goods at a reduced price, and the market showed a downward trend. (for reference only)
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