Aluminum: Today, aluminum prices in the Foshan market remained stable. This week, the SHFE aluminum trend fluctuated and leaned towards strength, with the price center moving upward. The unexpected re-depletion of domestic aluminum ingot social inventories has brought optimistic sentiment to the aluminum market, with aluminum prices regaining support at the bottom and showing resilience against declines. Recently, a wave of anti-involution has emerged in China, coupled with the continuous increase in economic stimulus efforts, traders generally hold a positive attitude towards the after-market of aluminum.
Zinc: The main contract of SHFE zinc has once again approached 22,500 yuan, with rising fear of decline adding to worries in the spot market. The market sentiment for buying and selling is cautious, downstream manufacturers' demand is slow, and the overall trading atmosphere is mediocre. Market demand remains weak, the risk of U.S. tariffs is increasing, and zinc is in a game between low inventory and weak demand. It is expected that zinc prices will fluctuate weakly in the short term.
Stainless Steel: Ferrous commodities have surged, but stainless steel futures rose sharply and then fell back, with the spot trading atmosphere almost in line with this. The improvement in strip steel transactions was short-lived, and the scrap industry also took the opportunity to raise purchase prices. Supply is tight in the off-season, and some buyers have increased prices to promote transactions. The rally and recovery of nickel and stainless steel futures continue to provide momentum, and the low-price trading situation is expected to improve. (for reference only)
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