Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 20
2025-6-20
Copper: Today, the copper price in Foshan market continues to drop slightly, and the trading sentiment in the market continues to be cautious. Dragged by the rise of the US dollar and increasing concerns about global economic growth, copper futures fluctuated and fell, and market caution warmed up. Boosted by the increasing tension in the Middle East and Federal Reserve Chairman Powell's cautious attitude towards inflation, the dollar rose and oil prices jumped. Rising oil prices and inflation tend to disrupt supply chains, increase costs and curb investment, thus slowing down global economic growth. Although the demand for copper market continued to decline after entering June, the domestic social inventory of electrolytic copper remained low, and the high growth of power grid investment continued to boost the resilience of copper consumption, which still supported the short-term copper price. However, there are many uncertain factors in the market at present, and copper prices may fluctuate continuously.
Aluminum: Today, the price of aluminum in Foshan market continues to drop slightly. Recently, the aluminum price has risen strongly and rapidly to curb downstream consumption, and the delivery from the warehouse has slowed down slightly, inhibiting the speed of going to the warehouse. The center of gravity of aluminum price has dropped slightly compared with before. However, the overall social inventory of aluminum ingots continued to decline slightly. In June, the proportion of aluminum and water in China was still high. It is expected that the supply of aluminum ingots will remain limited, and the short-term aluminum price will remain mainly fluctuating in the range.
Zinc: Zinc maintains a weak operation, the market is supplemented by new sources of goods, the asking price of the goods holders is relaxed and the goods are actively shipped. Most of the traders and middlemen who receive the goods remain cautious, and the manufacturers are relatively cautious and purchase on-demand. The actual transaction of zinc ingots has not changed much from yesterday. Manufacturers were relatively cautious about rigid demand procurement. The game between low inventory and weak demand, the geopolitical tension in the Middle East pushed up the dollar, and it is expected that the after-market will remain weak and volatile.
Stainless Steel: LME nickel is hovering at the $15,000 mark, and stainless steel futures fluctuate within a narrow range around 12,500. The overall market shows off-season characteristics, and the spot steel strip price gradually declines with the shrinking transaction. The scrap market keeps pushing down the price, and the big buyers of steel mills cut their quotations again, and the manufacturers followed suit, and the price center of gravity continued to move down. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market continues to drop slightly. Recently, the aluminum price has risen strongly and rapidly to curb downstream consumption, and the delivery from the warehouse has slowed down slightly, inhibiting the speed of going to the warehouse. The center of gravity of aluminum price has dropped slightly compared with before. However, the overall social inventory of aluminum ingots continued to decline slightly. In June, the proportion of aluminum and water in China was still high. It is expected that the supply of aluminum ingots will remain limited, and the short-term aluminum price will remain mainly fluctuating in the range.
Zinc: Zinc maintains a weak operation, the market is supplemented by new sources of goods, the asking price of the goods holders is relaxed and the goods are actively shipped. Most of the traders and middlemen who receive the goods remain cautious, and the manufacturers are relatively cautious and purchase on-demand. The actual transaction of zinc ingots has not changed much from yesterday. Manufacturers were relatively cautious about rigid demand procurement. The game between low inventory and weak demand, the geopolitical tension in the Middle East pushed up the dollar, and it is expected that the after-market will remain weak and volatile.
Stainless Steel: LME nickel is hovering at the $15,000 mark, and stainless steel futures fluctuate within a narrow range around 12,500. The overall market shows off-season characteristics, and the spot steel strip price gradually declines with the shrinking transaction. The scrap market keeps pushing down the price, and the big buyers of steel mills cut their quotations again, and the manufacturers followed suit, and the price center of gravity continued to move down. (for reference only)
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