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| Metal scraps performances in Foshan market on June 19 |
| 2025-6-19 |
Copper: Today, the copper price in Foshan market fell slightly, the short-term trend continued to fluctuate within a narrow range, and the market trading sentiment continued to be cautious. Tensions in the Middle East continue to cause concerns about economic growth and metal demand. The Federal Reserve kept interest rates unchanged for the fourth consecutive meeting, the US dollar rose against most major currencies, LME copper fell slightly under pressure, and the main contract of SHFE copper remained around 78,500 yuan. Although the demand for copper market continued to decline after entering June, the domestic social inventory of electrolytic copper remained low, and the high growth of power grid investment continued to boost the resilience of copper consumption, which still supported the short-term copper price. Copper factories and enterprises are weakened by demand, but most of them purchase on demand under quarterly settlement, and the spot supply of recycled copper continues to be tight, so it is difficult for suppliers to make up their positions at low prices.
Aluminum: Today, the price of aluminum in Foshan market has dropped slightly, and most aluminum factories and enterprises purchase according to the settlement demand and are cautious in the off-season. Low inventory continued to help aluminum prices rise, but terminal consumption gradually entered the off-season, orders of downstream processing enterprises were under pressure, and the operating rate showed a downward trend, and the demand side dragged down or limited the rebound height of aluminum prices. Short-term aluminum prices may continue to fluctuate.
Zinc: The Federal Reserve kept the interest rate unchanged, and the price of zinc fell. Traders were more cautious in receiving goods, and basically maintained low inventory operations. Most of them made inquiries after receiving orders. Downstream manufacturers were worried about the market outlook and purchased on demand, and the overall market transaction was average. The domestic smelter overhaul in May led to limited refined zinc production, but the output may rebound in June, suppressing the space above the zinc price.
Stainless Steel: SHFE nickel and stainless steel futures rose, but the spot rebound was weak, and it was difficult for steel strip to rise to clinch a deal. The market off-season characteristics were very obvious. However, the reaction in the waste industry is still relatively sensitive, and some buyers actively follow up the moderate price increase to find goods. The circulation of low-priced goods is very rare, and the wait-and-see atmosphere is very strong. (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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