Metal Scrap Performance in China
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Metal scraps performances in Foshan market on July 17
2025-7-17
Copper: Today, the copper price in Foshan market continues to be stable. Considering the weak off-season orders and other factors, copper manufacturers continue to maintain on-demand procurement, and the overall market transactions are weak. Short-term copper prices in SHFE and LME continued to fluctuate weakly, which was mainly due to the mitigation of supply interruption risk and the continuous rally of inventory. LME copper stocks increased by 10,525 tons on Wednesday, a cumulative increase of one-third in the past two and a half weeks. The rebound trend of inventory has reversed the pattern of previous reduction, indicating that the supply is relatively abundant, which puts pressure on the short-term copper price trend. However, analysts believe that the long-term fundamentals of copper are still strong, and the short-term price is weak or temporary, and market expectations and changes in supply and demand are worthy of attention. At present, the supply of recycled copper is tight, and the price is falling.
Aluminum: Today, the aluminum price in Foshan market continues to be stable, and trading is still cautious. Trump's contradictory attitude made the market uneasy, and the bullish profit-taking sentiment warmed up, weakening the upward momentum of aluminum prices; China's GDP in the second quarter exceeded expectations, and the market thought that China did not need large-scale stimulus, which made a moderate negative impact on the policy-driven metal speculation, and the short-term aluminum price may continue to fluctuate weakly.
Zinc: Today, the price of zinc keeps fluctuating sideways, and the goods-holders are in the mentality of shipping on the market. Most traders and middlemen who receive goods in the market remain cautious. Manufacturers are relatively cautious and purchase with rigid demands, and the actual turnover of zinc ingots is stable.
Stainless Steel: The price of nickel is rising and falling day by day, and the trend is repeated. Stainless steel futures are rising and falling, and the trading sentiment in the spot market is also fluctuating. The steel belt is screaming up and the transaction is unsuccessful, and the waste exploration is not continued. The manufacturers' enthusiasm for chasing high prices is limited, and the price is generally stable. The overall trading atmosphere is generally active. (for reference only)
Aluminum: Today, the aluminum price in Foshan market continues to be stable, and trading is still cautious. Trump's contradictory attitude made the market uneasy, and the bullish profit-taking sentiment warmed up, weakening the upward momentum of aluminum prices; China's GDP in the second quarter exceeded expectations, and the market thought that China did not need large-scale stimulus, which made a moderate negative impact on the policy-driven metal speculation, and the short-term aluminum price may continue to fluctuate weakly.
Zinc: Today, the price of zinc keeps fluctuating sideways, and the goods-holders are in the mentality of shipping on the market. Most traders and middlemen who receive goods in the market remain cautious. Manufacturers are relatively cautious and purchase with rigid demands, and the actual turnover of zinc ingots is stable.
Stainless Steel: The price of nickel is rising and falling day by day, and the trend is repeated. Stainless steel futures are rising and falling, and the trading sentiment in the spot market is also fluctuating. The steel belt is screaming up and the transaction is unsuccessful, and the waste exploration is not continued. The manufacturers' enthusiasm for chasing high prices is limited, and the price is generally stable. The overall trading atmosphere is generally active. (for reference only)
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