Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 21
2025-4-21
Copper: Today, the spot copper price in Foshan market rose in an all-round way, and market transactions continued to be cautious. Overseas holidays closed and Trump policy variables superimposed put pressure on copper prices, but domestic SHFE copper stocks fell to a two-month low, the US dollar index hit a three-year low to give price support, and short-term copper prices remained volatile. Recently, refined copper rose to about $10,400 after breaking 10,000 yuan, and once again left LME copper by about $1,200. It is noteworthy that the global supply chain "trembles" and the Sino-US copper scrap trade tends to stagnate in the context of tariff war's intensification. At present, the domestic supply of recycled copper continues to be tight, and the price difference between refined copper and waste is further reduced, which supports the consumption of refined copper. The short-term electrolytic copper social inventory is still expected to continue the trend of destocking, which supports the short-term copper price.
Aluminum: Today, the price of aluminum in Foshan market has risen in an all-round way. The weak US economic data pushed the US dollar to push up aluminum prices, tariff liberalization was expected to cool down, trade frictions eased, domestic policy effects continued to be released, and market sentiment as a whole picked up. The domestic spot price of aluminum has stabilized at a low level, the superimposed inventory released by terminal demand has dropped sharply, the spot premium of aluminum ingots has continued to strengthen, and the processing fee of aluminum bars has obviously rallied.
Zinc: Gold is soaring, the domestic economic market data is optimistic, SHFE zinc continues to rise slightly, middlemen and traders are cautious about the trend of zinc market behind them, and most downstream manufacturers maintain on-demand procurement, and the overall turnover is average. The escalation of global trade disputes and the decline of economic growth are expected to continue to suppress the terminal consumption of zinc, and it is expected that the short-term recovery of zinc market will be limited.
Stainless Steel: This week, the weak stainless steel futures continued the callback trend, the spot market was not confident enough, the downstream demand side was not strong, the pressure of steel strip supply gradually appeared, the mentality of scrap trading tended to be cautious, manufacturers generally received goods at a lower price due to the situation, the market flexibly shipped goods in a safe-haven atmosphere, and the transaction market weakened. The contradiction between supply and demand is difficult to alleviate in the short term, and the market may continue to fluctuate. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market has risen in an all-round way. The weak US economic data pushed the US dollar to push up aluminum prices, tariff liberalization was expected to cool down, trade frictions eased, domestic policy effects continued to be released, and market sentiment as a whole picked up. The domestic spot price of aluminum has stabilized at a low level, the superimposed inventory released by terminal demand has dropped sharply, the spot premium of aluminum ingots has continued to strengthen, and the processing fee of aluminum bars has obviously rallied.
Zinc: Gold is soaring, the domestic economic market data is optimistic, SHFE zinc continues to rise slightly, middlemen and traders are cautious about the trend of zinc market behind them, and most downstream manufacturers maintain on-demand procurement, and the overall turnover is average. The escalation of global trade disputes and the decline of economic growth are expected to continue to suppress the terminal consumption of zinc, and it is expected that the short-term recovery of zinc market will be limited.
Stainless Steel: This week, the weak stainless steel futures continued the callback trend, the spot market was not confident enough, the downstream demand side was not strong, the pressure of steel strip supply gradually appeared, the mentality of scrap trading tended to be cautious, manufacturers generally received goods at a lower price due to the situation, the market flexibly shipped goods in a safe-haven atmosphere, and the transaction market weakened. The contradiction between supply and demand is difficult to alleviate in the short term, and the market may continue to fluctuate. (Analyzed by LTIT)
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