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| Metal scraps performances in Foshan market on June 27 |
| 2025-6-27 |
Copper: Today, the copper price in Foshan market rose sharply, and SHFE copper broke the 80,000 mark, which brought optimism to the spot market, and the transaction improved accordingly. The US dollar index fell in a broken position, and US stocks and crude oil rose together, boosting bullish sentiment in the metal market, and copper prices in both internal and external markets rose in a broken position. Fundamental support is still strong: the circulation in the domestic trade market is relatively tight, the arrival of domestic goods at the terminal is less, the inflow of imported copper is limited, and the buying of superimposed funds drives the copper price to rise strongly. Global dominant stocks continued to decline, LME copper stocks fell to a nearly one-year low, and SHFE's social pool was also at a five-month low, which continued to support the rise in copper prices. In the short term, if the situation in the Middle East eases and the trade environment improves, the upside of copper prices may be further opened.
Aluminum: Today, the price of aluminum in Foshan market rose sharply, and continued to run above the 20,000 mark, with a strong short-term trend. LME aluminum inventory declined rapidly, domestic aluminum ingot social inventory fell to a low level nearly once a year, and spot circulation continued to be tight. The main contract of SHFE aluminum has sufficient momentum to rise, and the probability of breaking through the 21,000 yuan mark in the short term increases. It is expected that the spot aluminum price will remain strong.
Zinc: The situation in the Middle East has eased, the domestic consumption policy has been overweight, and SHFE zinc has risen to a high level of more than two months. Traders have a positive shipping mentality, and most market participants are cautious. The downstream manufacturers have obvious wait-and-see mood, and most of them are mainly inquiry. The manufacturers' response to the order recovery is relatively slow, and the transaction is average. The game between low inventory and weak demand is expected to continue to rebound in the short term, and long-term pressure still exists.
Stainless Steel: The price of nickel continued to rise, but the rising trend of stainless steel futures showed signs of slowing down. The wait-and-see mood in the spot market warmed up, and the acceptance of demand was tested after the price increase of steel strip. Moreover, the end of the month coincided with financial pressure, and scrap trading was still cautious, with manufacturers trading at stable prices. (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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