Copper:

There is still little change in the regenerated copper price in Foshan market today, and there is no improvement in the market transaction. After the copper price dropped continuously in early December, this week's trend continued to fluctuate in intervals and there was no direction to follow, and demand continued to decline gradually into the off-season. Copper manufacturers and traders were obviously cautious in buying and still focused on purchasing on demand and the market volume was low. Due to the lack of buying support, the electrolytic copper premium in Foshan has narrowed slightly recently, but the quoted price of recycled copper is still strong, mainly due to the lack of import resources and the continued shortage of domestic recycled copper supply, and the "bans of seven categories" on import will take effect at the end of December, which the dealers expect that it will be even more severe next year. The Federal Reserve will discuss interest rates next week and pay attention to the impact of US dollar movements on copper prices.

Aluminum:

Today, the price of aluminum in Foshan market has not changed much, and the short-term fluctuation continues to be small. At present, the demand in the aluminum market is greatly weakened in the off-season and many aluminum enterprises reflect that the order volume is only half of the same period in previous years. In addition, the cost of raw aluminum is in danger of loosening, and the scale of domestic production reduction may not be able to expand further. The operators generally say that the short-term aluminum price is hardly optimistic and actively reduces the storage.

Zinc:

Today, the price of zinc in Foshan market dropped slightly. As the delivery period approached, the premium on spot zinc ingots narrowed. At present, the zinc market is in a strong fear of falling, and many traders worry that there is still room for the price of zinc to fall in the short term, and continue to actively ship, but zinc manufacturers are cautious in receiving goods, and are still mainly purchasing on demand.

Stainless steel:

Today, the price of scrap stainless steel in Foshan market dropped slightly, and the weak price of nickel weighed on the market's enthusiasm for trading. The industry was hardly optimistic about the future of stainless steel. Towards the end of the year, the pressure of capital shortage became more and more obvious, with recyclers mainly collecting capital, so low prices did not attract businesses to enter the market to buy goods. Some businesses that still receive goods continue to hold down prices. (Source: Lingtong Metal Information)