News
Current location: Home - News
Metal scraps performances in Foshan market on January 15
2025-1-15
Copper: The spot copper price in Foshan market continued to drop slightly today, and the short-term trend fluctuated weakly. The high operation of the US dollar index and the weakening demand in the off-season of consumption constantly put pressure on the non-ferrous metal market. As the off-season approaches, downstream factories and enterprises will stop production and have holidays one after another, and copper manufacturers will mainly purchase on demand to prevent risks. In the off-season, the accumulated storage is expected to heat up, and Guangdong Electric Copper will greatly recover the high premium in the previous period to a reasonable level. Weakening demand expectations will increase the pressure on copper prices, and short-term prices may turn into weak consolidation, and follow-up attention will be paid to domestic policies and fundamental changes. If the policy is further strengthened and the inventory performance is better than seasonality, the copper price may continue to rise after consolidation.
Aluminum: Today, the price of aluminum in Foshan market has fallen sharply, and the price of alumina has fallen sharply, which has dealt a heavy blow to the price of aluminum. However, the pattern of strong outside the aluminum market and weak inside the aluminum market continues to give some rational support to the price of aluminum ingots; At present, China is entering the opening mode of annual leave, and most workers in aluminum factories and enterprises have holidays, and shopping is mainly on the sidelines. Whether to increase the amount of material preparation should wait until the price is stable before making a final decision.
Zinc: The fear of a sharp drop in the price of zinc enveloped the market. Downstream middlemen and traders were worried about the trend of the zinc market, and there were not many purchases in large quantities. The manufacturers of materials were generally willing to buy, and the overall transaction was dull. Near the Spring Festival holiday, some smelters have an early holiday, and the overall production enthusiasm is not high, and the capacity recovery is slow. Driven by the enthusiasm of the downstream rigid demand to replenish goods on dips, the inventory is obviously destocking.
Stainless Steel: The rising momentum of nickel market and stainless steel futures has slowed down, the spot market is discouraged, the trading mood of pre-holiday material preparation has been affected, the bargaining price of steel strip has been preferential, and the manufacturers in the waste industry have returned to conservative operation and generally turned to the attitude of receiving goods at a stable price. As the Spring Festival holiday approaches, the overall market transaction popularity will weaken, and the expected market fluctuation is slight. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market has fallen sharply, and the price of alumina has fallen sharply, which has dealt a heavy blow to the price of aluminum. However, the pattern of strong outside the aluminum market and weak inside the aluminum market continues to give some rational support to the price of aluminum ingots; At present, China is entering the opening mode of annual leave, and most workers in aluminum factories and enterprises have holidays, and shopping is mainly on the sidelines. Whether to increase the amount of material preparation should wait until the price is stable before making a final decision.
Zinc: The fear of a sharp drop in the price of zinc enveloped the market. Downstream middlemen and traders were worried about the trend of the zinc market, and there were not many purchases in large quantities. The manufacturers of materials were generally willing to buy, and the overall transaction was dull. Near the Spring Festival holiday, some smelters have an early holiday, and the overall production enthusiasm is not high, and the capacity recovery is slow. Driven by the enthusiasm of the downstream rigid demand to replenish goods on dips, the inventory is obviously destocking.
Stainless Steel: The rising momentum of nickel market and stainless steel futures has slowed down, the spot market is discouraged, the trading mood of pre-holiday material preparation has been affected, the bargaining price of steel strip has been preferential, and the manufacturers in the waste industry have returned to conservative operation and generally turned to the attitude of receiving goods at a stable price. As the Spring Festival holiday approaches, the overall market transaction popularity will weaken, and the expected market fluctuation is slight. (Analyzed by LTIT)
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!
