Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 23
2025-6-23
Copper: Today, the performance of copper price in Foshan market is stable, and the short-term fluctuation pattern of copper price range is remarkable. The worries about American involvement in the conflict between Iran and Israel have eased slightly, but American tariff worries still limit the market increase. The geopolitical situation shows signs of easing in stages, creating conditions for the emotional recovery of the copper market. SHFE copper warehouse resumed its downward trend and the market arrival volume was low. On Friday, LME copper inventory fell to 99,200 tons. Since mid-February, LME copper inventory has been reduced by more than 60%, which is the lowest level since August 2023. The decline in inventory in the two Exchanges provided support for copper prices. However, the premium in the spot market has continued to narrow recently, suggesting that the downstream purchasing enthusiasm is general, and it is still necessary to pay close attention to inventory changes and the development of the situation in the Middle East.
Aluminum: Today, the price of aluminum in Foshan market continues to drop slightly, and the cautious mood in the market is heating up. At present, the domestic aluminum ingot library continues to be de-stocked, and some large-scale traders are quite expensive. The macro mood in the after-market is slightly improved. In addition, the spot supply is tight, and the downstream market is steadily entering the market to purchase with rigid demand. The market trading remains stable, giving certain support to the price. It is expected that the short-term aluminum price will have limited room for decline.
Zinc: SHFE zinc is hovering at a low level of nine months, and the cargo-holders are actively willing to ship, and the downstream manufacturers are mainly in wait-and-see mood. Most of them are mainly inquiry, and the manufacturers' response to orders is general. Today, there are not many transactions in the market, and the overall transaction is stable. Low zinc inventory and weak demand contradict each other. The participation of the United States aggravates the situation in the Middle East and pushes up the US dollar. It is expected that the after-market will remain weak and volatile.
Stainless Steel: This week, the low nickel price dragged down the stainless steel futures, the spot market continued to be in a downturn, the trend of fine-tuning steel strip price reduction remained unchanged, the circulation of low-priced scrap sources was tight, and the bargaining between buyers and sellers was deadlocked. At present, under the pressure of off-season sentiment, stainless steel is expected to operate at a low valuation, resulting in insufficient speculative demand and lack of self-driving, and the market fluctuates in a weak range. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market continues to drop slightly, and the cautious mood in the market is heating up. At present, the domestic aluminum ingot library continues to be de-stocked, and some large-scale traders are quite expensive. The macro mood in the after-market is slightly improved. In addition, the spot supply is tight, and the downstream market is steadily entering the market to purchase with rigid demand. The market trading remains stable, giving certain support to the price. It is expected that the short-term aluminum price will have limited room for decline.
Zinc: SHFE zinc is hovering at a low level of nine months, and the cargo-holders are actively willing to ship, and the downstream manufacturers are mainly in wait-and-see mood. Most of them are mainly inquiry, and the manufacturers' response to orders is general. Today, there are not many transactions in the market, and the overall transaction is stable. Low zinc inventory and weak demand contradict each other. The participation of the United States aggravates the situation in the Middle East and pushes up the US dollar. It is expected that the after-market will remain weak and volatile.
Stainless Steel: This week, the low nickel price dragged down the stainless steel futures, the spot market continued to be in a downturn, the trend of fine-tuning steel strip price reduction remained unchanged, the circulation of low-priced scrap sources was tight, and the bargaining between buyers and sellers was deadlocked. At present, under the pressure of off-season sentiment, stainless steel is expected to operate at a low valuation, resulting in insufficient speculative demand and lack of self-driving, and the market fluctuates in a weak range. (for reference only)
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