Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 30
2025-6-30
Copper: Today, the copper price in Foshan market is stable, and the high price correction of Lun copper brings pressure to the spot copper market, but the overall copper price is still in the high price range. The recovery of international macro atmosphere and fundamental resonance support the upward trend of copper prices. The easing of the situation in the Middle East and the G7 trade agreement boosted risk appetite, and the Fed's interest rate cut expectation strengthened the superposition of US stocks, and the metal market sentiment picked up significantly. LME copper inventory fell to a low level of more than one year, and the accelerated export of domestic refineries continued to make the social library go away, which led to the shortage of spot and the premium structure to support the price of the goods. Although it entered the off-season of traditional consumption, the expansion of the price difference between refined waste and refined waste stimulated the replenishment demand of processing plants, and the superimposed export window was opened or the supply was further tightened. The copper price broke through the upward foundation and the spot copper price continued to rise.
Aluminum: Today, the aluminum price in Foshan market is stable, and SHFE aluminum continues to operate strongly above the 20,000 mark. At present, the domestic aluminum market is still in the off-season, and the demand in the end market is facing a heavy test. The production schedule of home appliance enterprises has dropped sharply, and the demand in the construction market has weakened greatly. Aluminum manufacturers have adopted the mode of "chasing down and killing up" and the market transaction activity is still limited.
Zinc: SHFE zinc fell at the top of the range, and the market worries rose. Traders' shipping mentality was dominant, and the purchasing enthusiasm of downstream manufacturers was obviously insufficient. Most manufacturers kept a cautious wait-and-see attitude, and the overall market transactions were light. The tariff risk in the United States has increased, and the zinc price is expected to return to the downward path of shock due to the game between low inventory and weak demand.
Stainless Steel: SHFE nickel and stainless steel futures continued to rebound, providing confidence support for the spot market, and the low-price transaction picked up, and the steel strip market is expected to continue to improve. The enthusiasm of the scrap industry to enter the market has increased while the low-priced goods are not traded smoothly, and buyers' procurement is still limited by financial pressure. Traders expect the pattern of supply and demand in the market outlook to improve, and the overall stainless steel price will bottom out. (for reference only)
Aluminum: Today, the aluminum price in Foshan market is stable, and SHFE aluminum continues to operate strongly above the 20,000 mark. At present, the domestic aluminum market is still in the off-season, and the demand in the end market is facing a heavy test. The production schedule of home appliance enterprises has dropped sharply, and the demand in the construction market has weakened greatly. Aluminum manufacturers have adopted the mode of "chasing down and killing up" and the market transaction activity is still limited.
Zinc: SHFE zinc fell at the top of the range, and the market worries rose. Traders' shipping mentality was dominant, and the purchasing enthusiasm of downstream manufacturers was obviously insufficient. Most manufacturers kept a cautious wait-and-see attitude, and the overall market transactions were light. The tariff risk in the United States has increased, and the zinc price is expected to return to the downward path of shock due to the game between low inventory and weak demand.
Stainless Steel: SHFE nickel and stainless steel futures continued to rebound, providing confidence support for the spot market, and the low-price transaction picked up, and the steel strip market is expected to continue to improve. The enthusiasm of the scrap industry to enter the market has increased while the low-priced goods are not traded smoothly, and buyers' procurement is still limited by financial pressure. Traders expect the pattern of supply and demand in the market outlook to improve, and the overall stainless steel price will bottom out. (for reference only)
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