 |
| |
| Metal scraps performances in Foshan market on May 6 |
| 2025-5-6 |
Copper: Today is the first trading day after the May Day holiday. The positive rise of LME copper led to the increase of copper prices in the domestic market, but the increase of domestic copper prices was relatively limited, and the market was cautious. According to the analysis, at the moment when the macro-environment is becoming more and more complex and the fundamental contradictions are becoming increasingly prominent, the overall copper price shows strong reality and weak expectation, and the fluctuation is obviously intensified compared with the previous period. From the absolute price point of view, the strong fundamentals certainly give good support to copper prices, but the hidden worries of tariffs still limit the upward space of copper prices, so it is difficult for copper prices to show a trend upward trend or show a strong shock. As a whole, we should pay attention to whether domestic consumption will be significantly suppressed after SHFE copper runs above 78,000 yuan/ton and LME copper reaches 9,500 US dollars/ton, and pay attention to the impact of US tariffs.
Aluminum: Today, the price of aluminum in Foshan market has fallen in an all-round way. After the holiday, the market has further weakened, and the market's cautious mood has warmed up. The fundamental supply is stable, the consumption peak season is over, and there is a short-term preference for supply and demand, but the demand expectation is relatively weak. Concerned about the accumulated stock of aluminum ingots after the holiday, it is expected that the pressure above the aluminum price of 20,000 will gradually increase.
Zinc: After the long holiday, the price of zinc has not changed much, and the cautious mood dominates the market. Traders are more cautious in receiving goods during this period, and basically maintain low inventory operations. Most of them make inquiries after receiving orders, while downstream materials manufacturers purchase with rigid demand, and the general trading is ordinary.
Stainless Steel: The nickel price rallied continuously in May, followed by the rise after the stainless steel futures festival. The spot market changed the atmosphere of price reduction at the end of the month, steel belts restarted bargaining transactions, scrap buyers released their enthusiasm for replenishing goods while entering the market at a low price, and most manufacturers took the initiative to raise their quotations to receive goods. The post-holiday market rally is worth looking forward to. (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! |
|
| |
|
|
|
2025-6-30
|
Item |
SHFE |
Change |
Cu |
81550 |
-19264 |
Al |
94290 |
-10194 |
Zn |
43633 |
+769 |
Item |
LME |
Change |
Cu |
90625 |
-650 |
Al |
345750 |
+550 |
Zn |
117475 |
-1750 |
Ni |
204006 |
-288 |
|
 |
 |
 |
2023-5-15 |
|
| |
1 USD= |
6.7021 |
Inverse: |
0.14921 |
|
1 EUR= |
7.8800 |
Inverse: |
0.12690 |
|
1 GBP= |
8.6373 |
Inverse: |
0.11578 |
|
1 AUD= |
5.2589 |
Inverse: |
0.19015 |
|
|
|
 |
|
|
|
|
|
