Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 26
2025-6-26
Copper: Today, the copper price in Foshan market rose slightly, and the market trading sentiment continued to be cautious. At present, the geopolitical situation has eased, the US dollar index has weakened, and copper stocks have continued to decline, and copper futures have continued to fluctuate strongly. Since mid-February, LME copper stocks have fallen by 65%, and on Wednesday, exchange data showed that they had fallen to 93,475 tons, the lowest level since August 2023. Goldman Sachs raised its copper price forecast, predicting that the average monthly price will rise from $9,140/ton to $9,890/ton in the second half of 2025, strengthening bullish confidence. Traders believe that the short-term copper price still has the upward momentum, but it should be noted that at present, the current domestic copper trading multi-underpriced procurement is superimposed on the continued dumping of goods by the holders, and the rebound space of copper price is expected to be limited.
Aluminum: Today, the price of aluminum in Foshan market continues to rebound slightly, and the support of SHFE Aluminum's 20,000 mark is still strong, and the market anxiety has eased. The domestic electrolytic aluminum operation capacity is stable, the aluminum-water ratio remains high, and the market ingot quantity is still tight. Near the quarterly settlement, aluminum manufacturers took advantage of the low price to enter the market and increase the purchase volume, and the transaction improved accordingly, supporting the rebound of aluminum prices.
Zinc: The price of zinc rose slightly, and traders followed the market. The downstream manufacturers were not enthusiastic about purchasing, and the wait-and-see mood was still strong. They basically maintained on-demand purchasing, and most of the transactions came from the contributions of traders, and the overall market transactions were average. The short-term macro-emotional repair resonates with the slow release of inventory pressure, and the zinc price may continue to fluctuate strongly.
Stainless Steel: Under the continuous digestion of the news of production reduction, stainless steel futures rallied for several days, stimulating demand to intervene while it was low, spot market transactions rallied from low prices, plate and strip ushered in a rise in volume and price, and the transaction improved significantly. The performance of waste materials in the industry was more conservative, and manufacturers cautiously raised their inquiries with the trend. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market continues to rebound slightly, and the support of SHFE Aluminum's 20,000 mark is still strong, and the market anxiety has eased. The domestic electrolytic aluminum operation capacity is stable, the aluminum-water ratio remains high, and the market ingot quantity is still tight. Near the quarterly settlement, aluminum manufacturers took advantage of the low price to enter the market and increase the purchase volume, and the transaction improved accordingly, supporting the rebound of aluminum prices.
Zinc: The price of zinc rose slightly, and traders followed the market. The downstream manufacturers were not enthusiastic about purchasing, and the wait-and-see mood was still strong. They basically maintained on-demand purchasing, and most of the transactions came from the contributions of traders, and the overall market transactions were average. The short-term macro-emotional repair resonates with the slow release of inventory pressure, and the zinc price may continue to fluctuate strongly.
Stainless Steel: Under the continuous digestion of the news of production reduction, stainless steel futures rallied for several days, stimulating demand to intervene while it was low, spot market transactions rallied from low prices, plate and strip ushered in a rise in volume and price, and the transaction improved significantly. The performance of waste materials in the industry was more conservative, and manufacturers cautiously raised their inquiries with the trend. (for reference only)
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