Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 25
2025-4-25
Copper: Today, the spot copper price in Foshan market rose steadily, and trading continued to be cautious. Although the current Sino-US trade situation shows signs of easing, based on Trump's reneging style, there are still many uncertainties in the short term, and market transactions are still cautious. At present, the US dollar index has rebounded again, which has put pressure on metal futures. LME copper has fallen slightly, and the increase of SHFE copper has also been limited. However, the current market is dominated by bullish sentiment. Analysts believe that due to the tight supply of scrap copper, copper consumers in China are increasingly turning to refined copper, and they are rapidly consuming their stocks. As the price of copper rises, the market is worried about possible forced positions. As the May Day holiday approaches, the demand for pre-holiday materials may emerge, and it is expected that the short-term copper price will fluctuate strongly.
Aluminum: Today, the aluminum price in Foshan market continues to rise slightly, and the domestic aluminum price rebounded slightly due to the favorable easing in tariff war, and SHFE aluminum hovered around 20,000 yuan. With the stabilization of alumina and the improvement of consumption, aluminum factories and enterprises have entered the market with them, and the May Day holiday and monthly closing have also promoted some transactions, which have improved, and the short-term aluminum price trend may remain strong.
Zinc: The price of zinc continues to rise, and the market wait-and-see atmosphere remains unchanged. Traders are more cautious in receiving goods, basically maintaining the operation of selling and buying now, and most of them make inquiries after receiving orders. Downstream manufacturers are also worried about the after-market, and they mainly wait and see, with low purchasing enthusiasm and general market transactions. Demand is weak, and it is expected that the recovery of zinc before the May Day holiday will be limited.
Stainless Steel: The futures of stainless steel fell, and the cold-rolled strip of mainstream manufacturers fell by 200 yuan/ton, and the price of scrap was suppressed. The purchasing agent of steel mills kept pushing down the price, and the large households successively lowered the receiving price, which made the activity of buyers and sellers low, and the transaction circulation of low-priced goods was very limited. The support of stainless steel is weakened, and there is still room for the market to explore. (Analyzed by LTIT)
Aluminum: Today, the aluminum price in Foshan market continues to rise slightly, and the domestic aluminum price rebounded slightly due to the favorable easing in tariff war, and SHFE aluminum hovered around 20,000 yuan. With the stabilization of alumina and the improvement of consumption, aluminum factories and enterprises have entered the market with them, and the May Day holiday and monthly closing have also promoted some transactions, which have improved, and the short-term aluminum price trend may remain strong.
Zinc: The price of zinc continues to rise, and the market wait-and-see atmosphere remains unchanged. Traders are more cautious in receiving goods, basically maintaining the operation of selling and buying now, and most of them make inquiries after receiving orders. Downstream manufacturers are also worried about the after-market, and they mainly wait and see, with low purchasing enthusiasm and general market transactions. Demand is weak, and it is expected that the recovery of zinc before the May Day holiday will be limited.
Stainless Steel: The futures of stainless steel fell, and the cold-rolled strip of mainstream manufacturers fell by 200 yuan/ton, and the price of scrap was suppressed. The purchasing agent of steel mills kept pushing down the price, and the large households successively lowered the receiving price, which made the activity of buyers and sellers low, and the transaction circulation of low-priced goods was very limited. The support of stainless steel is weakened, and there is still room for the market to explore. (Analyzed by LTIT)
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