Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on April 22
2025-4-22
Copper: Today, the spot copper price in Foshan market continues to rise in an all-round way, and market transactions continue to be cautious. Affected by the tariff measures of the United States itself, refined copper of the United States continues to be strong at around $10,400 and continues to leave LME copper for over $1,000; At present, the price difference limit of refined waste in the domestic copper market has narrowed, which is beneficial to the consumption of electric copper. The stock of electric copper has been continuously reduced to about 20.85 million tons, and the supply of recycled copper has been tight. Copper factories and enterprises have turned to purchase electrolytic copper, which has continuously increased the premium of electric copper. Judging from the recent situation, Sino-US tariff trade relations continue to be tense, international trade relations are chaotic, and gold has become a safe-haven tool, and copper, as a strong financial attribute, has a strong oscillation due to the concern of funds, but tariff uncertainty still exists, and 9500 US dollars may become a wait-and-see position in the near future.
Aluminum: The price of aluminum in Foshan market dropped slightly today. With China's tough response to US tariffs, the wait-and-see mood in the market has warmed up, and the domestic aluminum price has been restricted by a strong range. SHFE aluminum still fluctuates in the range of 19,500-20,000, while the spot aluminum trading has improved under the stable price, and the national aluminum social inventory has dropped to about 670,000 tons. In the short term, traders pay attention to the pressure of SHFE aluminum 20000.
Zinc: SHFE zinc opened higher and went lower, and most market participants were cautious, and the cargo-holders were willing to ship actively. Downstream manufacturers mainly waited and saw, and most of them mainly made inquiries. In addition, manufacturers responded to the slowdown in orders and the fear of falling enveloped the market. Today, the market turnover was weak.
Stainless Steel: There is no support for the restart of LME nickel, stainless steel futures continue to drop, the trading atmosphere in the spot market weakens, the preferential exchange of steel belts is not ideal, the scrap industry is full of cautious mentality, buyers are deadlocked with holding goods, the supply of goods is not smooth, and the price center of gravity moves down. (Analyzed by LTIT)
Aluminum: The price of aluminum in Foshan market dropped slightly today. With China's tough response to US tariffs, the wait-and-see mood in the market has warmed up, and the domestic aluminum price has been restricted by a strong range. SHFE aluminum still fluctuates in the range of 19,500-20,000, while the spot aluminum trading has improved under the stable price, and the national aluminum social inventory has dropped to about 670,000 tons. In the short term, traders pay attention to the pressure of SHFE aluminum 20000.
Zinc: SHFE zinc opened higher and went lower, and most market participants were cautious, and the cargo-holders were willing to ship actively. Downstream manufacturers mainly waited and saw, and most of them mainly made inquiries. In addition, manufacturers responded to the slowdown in orders and the fear of falling enveloped the market. Today, the market turnover was weak.
Stainless Steel: There is no support for the restart of LME nickel, stainless steel futures continue to drop, the trading atmosphere in the spot market weakens, the preferential exchange of steel belts is not ideal, the scrap industry is full of cautious mentality, buyers are deadlocked with holding goods, the supply of goods is not smooth, and the price center of gravity moves down. (Analyzed by LTIT)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
