Metal Scrap Performance in China
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Metal scraps performances in Foshan market on July 18
2025-7-18
Copper: Today, the price of copper in Foshan market has risen further, but the market trading is still cautious. At present, the US tariff policy has led to a decline in global expectations for economic prospects, and short-term internal and external inventories continue to accumulate, which still puts pressure on copper. However, the domestic anti-involution affects the market, and there are still many uncertainties in the United States to impose a 50% copper tariff. The trend of industrial products is relatively repeated, which leads to the unclear trend of copper. In terms of spot, the impact of copper price falling back to the current relatively low price range on the improvement of demand in the copper market is limited. Because the copper market is still in the off-season, the mood of improving new orders is general, and the support for copper price is limited. It is difficult to judge that the copper price has ended the callback and entered a rally. In the future, we need to pay attention to the consumer resilience. If it continues to be weaker than expected, there is a risk of further decline.
Aluminum: Today, the price of aluminum in Foshan market continued to rise slightly, and the market anxiety gradually eased. During the week, the overall inventory of aluminum ingots was kept in stock. Due to less arrival, the actual consumption in the market is still weak, and it is expected that the general trend of aluminum ingots being stocked will be difficult to change. With the shock and rally of aluminum price, most of the cargo holders choose to keep the price, but the downstream market is not strong enough to chase up the purchase, and the transaction is not satisfactory.
Zinc: The price of zinc has risen moderately, and the merchants are cautious, basically purchasing by order. SHFE Zinc 22500 has resistance, which affects the purchasing mentality of manufacturers and basically maintains purchasing on demand. Spot zinc price in the after-market is expected to continue to fluctuate weakly, with low inventory and mine end disturbance providing short-term support, but incremental supply, weak demand and macro pressure will suppress the rally space.
Stainless Steel: SHFE nickel and stainless steel futures rose with the broader market, the confidence in the spot market was restored, the demand for steel strips gradually improved, and the scrap market was affected by the reduction in production of steel mills. Manufacturers were more cautious in purchasing, and some buyers explored the increase to attract goods. At present, stainless steel is reluctant to sell at a low price, and the market shows bottom support, paying attention to the production of steel mills and the transaction of steel belts. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market continued to rise slightly, and the market anxiety gradually eased. During the week, the overall inventory of aluminum ingots was kept in stock. Due to less arrival, the actual consumption in the market is still weak, and it is expected that the general trend of aluminum ingots being stocked will be difficult to change. With the shock and rally of aluminum price, most of the cargo holders choose to keep the price, but the downstream market is not strong enough to chase up the purchase, and the transaction is not satisfactory.
Zinc: The price of zinc has risen moderately, and the merchants are cautious, basically purchasing by order. SHFE Zinc 22500 has resistance, which affects the purchasing mentality of manufacturers and basically maintains purchasing on demand. Spot zinc price in the after-market is expected to continue to fluctuate weakly, with low inventory and mine end disturbance providing short-term support, but incremental supply, weak demand and macro pressure will suppress the rally space.
Stainless Steel: SHFE nickel and stainless steel futures rose with the broader market, the confidence in the spot market was restored, the demand for steel strips gradually improved, and the scrap market was affected by the reduction in production of steel mills. Manufacturers were more cautious in purchasing, and some buyers explored the increase to attract goods. At present, stainless steel is reluctant to sell at a low price, and the market shows bottom support, paying attention to the production of steel mills and the transaction of steel belts. (for reference only)
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