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| Metal scraps performances in Foshan market on May 7 |
| 2025-5-7 |
Copper: Today, the copper price in Foshan market rose slightly, and the trading sentiment in the market continued to be cautious. Recently, the trend of LME copper is relatively strong, with a slight correction after three days of continuous rise. After the May Day holiday, the domestic SHFE copper trend continued to fluctuate weakly, and the tariff greatly disturbed the expectations of non-ferrous metal consumption, and the market worries lingered. It is worth noting that the performance of domestic copper consumption in the first quarter exceeded expectations, and the supply of waste copper was tight, which boosted the consumption of refined copper. However, after May, domestic copper consumption will decline seasonally, and the demand side will weaken the boost of copper prices, and copper prices may face high downward pressure. At present, domestic copper stocks have fallen to historical lows. Driven by the price difference between COMEX and LME, overseas copper is still shipped to the United States one after another, and LME copper stocks may continue to be depleted, benefiting copper prices.
Aluminum: Today, the price of aluminum in Foshan market has fallen sharply, and the market caution has further warmed up. With the change and continuous deepening of tariff war in the United States, the domestic aluminum market generally reflected that orders began to weaken in the second ten days of April, and the domestic market was about to enter the traditional off-season, which further weakened the aluminum market demand expectation, or put pressure on the aluminum price in the after-market.
Zinc: Today, the price of zinc in Foshan market has dropped slightly, the market supply has tightened, the spot premium has risen, and downstream manufacturers have a wait-and-see attitude to purchase on demand. The spot demand has restricted market transactions, and the overall market transactions are dull.
Stainless Steel: The financial market quickly digested the good news such as interest rate cuts and RRR cuts. Stainless steel futures rose sharply and barely, and the confidence in the spot market was insufficient. The trial increase of steel belts was blocked, the supply of waste materials was tight, and it was more difficult for manufacturers to receive goods. Buyers in the industry took advantage of the situation to explore the increase to promote the transaction of supply. (for reference only)
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2025-6-30
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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 |
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2023-5-15 |
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1 USD= |
6.7021 |
Inverse: |
0.14921 |
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1 EUR= |
7.8800 |
Inverse: |
0.12690 |
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1 GBP= |
8.6373 |
Inverse: |
0.11578 |
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1 AUD= |
5.2589 |
Inverse: |
0.19015 |
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