Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on July 14
2025-7-14
Copper: Today, the price of copper in the Foshan market fell slightly, and market transactions remained cautious. Currently, LME copper inventories, which have rebounded from low levels, will maintain a relatively strong volatility driven by expectations of interest rate cuts, while SHFE copper will be under short-term weakness to seek support due to the dual pressures of a decline in imported supplies and cross-market arbitrage, and spot copper prices will be under pressure to fluctuate weakly. At present, after the copper price has fallen somewhat, downstream copper-using manufacturers, possibly because it is currently the off-season, have seen a general improvement in orders, and their overall enthusiasm for purchasing remains weak. Looking ahead to the after-market, recent domestic anti-involution policies have led to a rebound in some commodities. However, due to uncertainties in overseas tariffs and the off-season fundamentals, the overall driving force is not strong, making it temporarily difficult to judge that copper prices have ended their correction and entered a rebound. In the future, it is necessary to pay attention to the resilience of consumption and the details of the increase in copper tariffs.
Aluminum: Today, the price of aluminum in the Foshan market fell unexpectedly, and cautious sentiment in the market rose sharply. At present, the performance of the East China market remains weak. The high aluminum price coupled with the approaching weekend still stimulates holders to sell goods for cash. Downstream buyers are reluctant to purchase at high prices, resulting in weak purchasing power, and the spot discount continues to widen. The international trade situation is changeable and there are sudden changes in situations such as in the Middle East. It is expected that aluminum prices will mostly fluctuate within the above range.
Zinc: Zinc prices have pulled back after reaching the upper end of the range. Downstream manufacturers, fearing further price declines, are mostly cautious in purchasing, mainly buying as needed. Under the circumstance of weak market transactions, the enthusiasm of traders to take goods has also been dragged down to a certain extent, making market transactions sluggish. Market demand remains weak, and the risk of U.S. tariffs is increasing. With the game between low zinc inventories and weak demand, zinc prices are expected to fluctuate weakly in the short term.
Stainless Steel: At the opening on Monday, SHFE nickel and stainless steel futures fell. The spot market still saw slow-paced transactions. After the price of steel strips rose, transactions were temporarily in a wait-and-see state, and scrap performance was relatively dull. Restricted by the slow capital turnover, both the purchasing willingness in the industry and the circulation of goods were less active. Low-price transactions showed a stalemate, and the overall market situation was stable with a tendency to rise. (For reference only)
Aluminum: Today, the price of aluminum in the Foshan market fell unexpectedly, and cautious sentiment in the market rose sharply. At present, the performance of the East China market remains weak. The high aluminum price coupled with the approaching weekend still stimulates holders to sell goods for cash. Downstream buyers are reluctant to purchase at high prices, resulting in weak purchasing power, and the spot discount continues to widen. The international trade situation is changeable and there are sudden changes in situations such as in the Middle East. It is expected that aluminum prices will mostly fluctuate within the above range.
Zinc: Zinc prices have pulled back after reaching the upper end of the range. Downstream manufacturers, fearing further price declines, are mostly cautious in purchasing, mainly buying as needed. Under the circumstance of weak market transactions, the enthusiasm of traders to take goods has also been dragged down to a certain extent, making market transactions sluggish. Market demand remains weak, and the risk of U.S. tariffs is increasing. With the game between low zinc inventories and weak demand, zinc prices are expected to fluctuate weakly in the short term.
Stainless Steel: At the opening on Monday, SHFE nickel and stainless steel futures fell. The spot market still saw slow-paced transactions. After the price of steel strips rose, transactions were temporarily in a wait-and-see state, and scrap performance was relatively dull. Restricted by the slow capital turnover, both the purchasing willingness in the industry and the circulation of goods were less active. Low-price transactions showed a stalemate, and the overall market situation was stable with a tendency to rise. (For reference only)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
