Metal Scrap Performance in China
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Metal scraps performances in Foshan market on July 7
2025-7-4
Copper: Today, the copper price in Foshan market has dropped slightly, and the enthusiasm for market speculation has obviously cooled down. At present, the main contract of SHFE copper has returned to around 80,000 yuan, and LME copper has retreated to the front line of 9,900 dollars. Analysts said: Because the employment and unemployment data in the United States are better than expected, the Federal Reserve may not cut interest rates soon, the dollar has risen slightly, the' Big and Beautiful' bill has been passed, and the focus of the copper market has returned to the possible import tariffs imposed by the United States. Analysts said: As long as the tariffs in the United States have not been finalized, copper will be shipped to the United States from other places. Therefore, the market is not too concerned about the continuous rise of LME copper inventories in recent days. At present, under the off-season effect in China, consumer feedback is not good, and downstream enterprises mainly receive goods with rigid demand, and the upward momentum of short-term copper prices is insufficient.
Aluminum: Today, the price of aluminum in Foshan market dropped slightly, and the trading mood in the market was cautious. This week, the trend of SHFE aluminum fluctuated strongly, and the main contract rose to 20,740 yuan/ton on Thursday. Due to the off-season, the consumer sentiment in the domestic market is not good, and the recent increase in aluminum prices has led to a strong fear of heights in the downstream of SHFE aluminum, and the actual transaction is light. The social pool has rose slightly, and the current aluminum pressure has dropped slightly.
Zinc: The US "non-agricultural" strongly suppressed the Fed's interest rate cut expectations. Today, the price of zinc has not changed much, and traders mainly ship. Spot zinc traders are worried about the short-term market situation. In the recent general demand situation, coupled with the uncertainty of zinc trend, traders remain cautious in purchasing, with limited trading volume, and market watchers still account for a large number. It is expected that the short-term zinc price will fluctuate and run weakly.
Stainless Steel: The state has raised the anti-involution to a historical height and is determined to rectify the disorderly competition at low prices in the industry. Under the influence of policy blowing, the nickel price rebounded to help the stainless steel futures market maintain the momentum of rallying and rising. Unfortunately, the spot market was dragged down, the demand was unable to keep up, and the steel strip was mainly sold at a stable price. Due to the lack of cash flow in the scrap industry, the transaction continued to be quiet. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market dropped slightly, and the trading mood in the market was cautious. This week, the trend of SHFE aluminum fluctuated strongly, and the main contract rose to 20,740 yuan/ton on Thursday. Due to the off-season, the consumer sentiment in the domestic market is not good, and the recent increase in aluminum prices has led to a strong fear of heights in the downstream of SHFE aluminum, and the actual transaction is light. The social pool has rose slightly, and the current aluminum pressure has dropped slightly.
Zinc: The US "non-agricultural" strongly suppressed the Fed's interest rate cut expectations. Today, the price of zinc has not changed much, and traders mainly ship. Spot zinc traders are worried about the short-term market situation. In the recent general demand situation, coupled with the uncertainty of zinc trend, traders remain cautious in purchasing, with limited trading volume, and market watchers still account for a large number. It is expected that the short-term zinc price will fluctuate and run weakly.
Stainless Steel: The state has raised the anti-involution to a historical height and is determined to rectify the disorderly competition at low prices in the industry. Under the influence of policy blowing, the nickel price rebounded to help the stainless steel futures market maintain the momentum of rallying and rising. Unfortunately, the spot market was dragged down, the demand was unable to keep up, and the steel strip was mainly sold at a stable price. Due to the lack of cash flow in the scrap industry, the transaction continued to be quiet. (for reference only)
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