Aluminum: Today, the price of aluminum in Foshan market has dropped slightly, and the social inventory of aluminum in the country has continued to increase slightly. Cargo holders are eager to make profits and continue to ship at a discount. Traders basically purchase on demand or settle demand, and the overall market transactions are stable and weak, with limited support for aluminum prices. The current low inventory pattern continues to support aluminum prices, and it is expected that aluminum prices will fluctuate upward in the future.
Zinc: Due to the profit of copper, the price of zinc has dropped slightly. Traders are worried about the after-market and continue to maintain a positive shipping mentality. There are not many zinc manufacturers in the downstream. Most manufacturers think that there is still room for zinc prices to fall. At present, consumer demand is not strong, and most of them remain on the sidelines, and market transactions have not changed much. The fundamentals have no favorable support for the time being, and zinc prices are mainly short-term shocks.
Stainless Steel: LME nickel fell again, stainless steel futures fluctuated weakly, steel mills were obviously willing to keep prices down, and the price of waste stainless steel was struggling to support. On the one hand, nickel price was still at a relatively high level, and the center of gravity of raw material price cost moved up; On the other hand, the mentality of reluctant to sell at low prices leads to tight market supply circulation. Scrap stainless steel bears the price under the joint action of all factors. (Analyzed by LTIT)
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