Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on May 30
2025-5-30
Copper: Today, the copper price in Foshan market fell slightly. This week, SHFE copper fluctuated weakly, and the focus of trading moved down. The market was cautious and wait-and-see. Although the consumption has entered the off-season, the social inventory of electrolytic copper in China continues to go to the warehouse. During the week, the copper price remained at a high level and fluctuated. The demand for receiving goods from the downstream market was limited, but the market arrival volume was also small, so the inventory decreased, but the overall rate of going to the warehouse was small. The analysis shows that copper prices are still facing downside risks in the context of the intensified volatility of the US-Japan stock bond exchange market and the gradual entry of the domestic copper market into the off-season of purchase and sale.
Aluminum: Today, the price of aluminum in Foshan market dropped slightly, and SHFE aluminum continued to fluctuate around 20,000 yuan this week. According to the analysis, the current aluminum ingots continue to go to the warehouse, the spot premium continues to rise above 100 yuan, the stock of the exchange falls back to the historical low, the support at the bottom of the aluminum price is still good, and the support at the 20,000 mark is temporarily effective. It is expected that the short-term aluminum price will remain volatile.
Zinc: The fluctuation pattern of the zinc market has not changed, most market participants are cautious, the supply of goods is tight, the asking price of the holders is firm, and the downstream manufacturers are obviously on the sidelines. Most of them are mainly based on inquiry, and the manufacturers respond to insufficient follow-up of orders. Today's market transactions are dull. 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 after-market.
Stainless Steel: The rapid rally of peripheral LME nickel led to the rise of domestic SHFE nickel and stainless steel futures, but the market confidence was insufficient and the spot was unable to rally. At the end of the month, the transaction was under the pressure of inertia funds, the scrap manufacturers' desire to receive goods was limited, the buyers maintained the recent low-price operation, and the transaction atmosphere was deserted. Under the expectation of off-season demand, stainless steel prices may continue to fluctuate at the bottom. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market dropped slightly, and SHFE aluminum continued to fluctuate around 20,000 yuan this week. According to the analysis, the current aluminum ingots continue to go to the warehouse, the spot premium continues to rise above 100 yuan, the stock of the exchange falls back to the historical low, the support at the bottom of the aluminum price is still good, and the support at the 20,000 mark is temporarily effective. It is expected that the short-term aluminum price will remain volatile.
Zinc: The fluctuation pattern of the zinc market has not changed, most market participants are cautious, the supply of goods is tight, the asking price of the holders is firm, and the downstream manufacturers are obviously on the sidelines. Most of them are mainly based on inquiry, and the manufacturers respond to insufficient follow-up of orders. Today's market transactions are dull. 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 after-market.
Stainless Steel: The rapid rally of peripheral LME nickel led to the rise of domestic SHFE nickel and stainless steel futures, but the market confidence was insufficient and the spot was unable to rally. At the end of the month, the transaction was under the pressure of inertia funds, the scrap manufacturers' desire to receive goods was limited, the buyers maintained the recent low-price operation, and the transaction atmosphere was deserted. Under the expectation of off-season demand, stainless steel prices may continue to fluctuate at the bottom. (for reference only)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
