 |
| |
| Metal scraps performances in Foshan market on June 17 |
| 2025-6-17 |
Copper: Today, the copper price in Foshan market is stable, and the market trading sentiment is still cautious. In the news, the conflict between Israel and Iran continued, and the two sides continued to supply each other's energy facilities. After the situation escalated, it had a severe impact on the global economy and financial markets. The short-term rise in gold and crude oil boosted copper prices. Fundamentally, the interruption of major overseas mines continued, LME stocks gradually bottomed out, and the supply and demand of domestic refined copper maintained a tight balance. It is expected that the short-term copper price adjustment will return to a strong shock operation. It is worth noting that the domestic social stocks of electrolytic copper continued to be depleted, of which the contribution of Shanghai market mainly declined, while the markets of Jiangsu and Guangdong increased slightly. This week, the market paid full attention to the US Federal Reserve's interest rate proposal and the war situation in the Middle East, and copper prices may continue to fluctuate in the range.
Aluminum: Today, the aluminum price in Foshan market is stable. Under the weak demand, it may be difficult for the short-term aluminum price to improve significantly. With the deepening of the seasonal off-season, the domestic aluminum market demand has shrunk obviously, but the domestic and international aluminum ingot stocks have continued to be depleted, and the expectation of going to the warehouse in June has not changed, which still supports the short-term aluminum price. Under the interweaving of long and short positions, the short-term aluminum price may continue to fluctuate in the interval, with limited fluctuation range.
Zinc: The price trend of zinc is weak, middlemen and traders are worried about the trend of zinc market in the future, and their purchasing intention is poor. The demand of some materials manufacturers is weak, and their purchasing intention is not strong. Most of them maintain on-demand procurement, and the overall market transaction is dull.
Stainless Steel: LME nickel and SHFE nickel both fell, and the pressure of stainless steel also fell below 12,500. The trading atmosphere in the spot market quickly turned cold, and the big buyers of steel mills lowered their quotations, and the newly condensed desire for price increase in the scrap industry was extinguished. Manufacturers and buyers generally followed suit and received goods at lower prices, and prices fell again. (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 |
|
|
|
 |
|
|
|
|
|
