Copper:

Today, the regenerated copper price in Foshan market continued to decline slightly, and this week's trend continued to be weak, weakening the trading enthusiasm of the spot copper market to some extent. At present, due to the continuous tight supply of recycled copper, most of the suppliers still have a shortage of stocks among their competitors, but some suppliers worry that there is still room for a decline in short-term copper prices and shipment is relatively positive. The enthusiasm of downstream copper manufacturers for receiving goods is weak, and the phenomenon of buying at reduced prices is common. Today's electrolytic copper and regenerated copper trade show a slight discount. At present, the industry is very concerned about the progress of solid waste import. Prior to the policy announcement, the import of seven categories of waste such as waste wires will be banned by the end of 2018. If the supply of recycled copper continues to be in short supply in the future, what will the recycled copper industry do?

Aluminum:

Today, the price of aluminum in Foshan market continues to rise slightly and gradually moves out from the bottom of the stage, bringing confidence to the market. In October, the overall demand performance of the aluminum market was average, with most buyers maintaining on-demand purchases and relatively flat transactions. Affected by environmental protection problems, downstream users use aluminum rods, thus accumulating aluminum ingot resources. At present, the aluminum ingot inventory in Guangdong market has increased to 252,000 tons.

Zinc: Today, the zinc price in Foshan market continued to decline in a moderate range, and this week it continued to fluctuate and decline, raising the anxiety of the market obviously. Due to concerns that there is still room for short-term zinc prices to fall, buyers in the zinc market are now in a strong wait-and-see mood, with more inquiries and fewer transactions. It is understood that the demand in the zinc market is still weak at present. Most of the manufacturers using zinc reflect the shortage of orders, and traders also receive orders before entering the market.

Stainless steel: Today, the price of scrap stainless steel in Foshan market has stabilized, while the price of nickel has stabilized to ease some market worries. However, at present, the stainless steel finished product market is in the doldrums, and steel mills still have a common phenomenon of price reduction in raw material procurement, and recycling traders also follow a small price reduction after receiving orders. However, the waste stainless steel resources are still tight, and the suppliers are reluctant to sell them. (Source: Lingtong Metal Information)