Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 29
2025-4-29
Copper: Spot copper prices in Foshan market rose slightly today, and market transactions continued to be cautious. At present, the market's optimism about the easing of trade tensions has brought some comfort to investors, but the worries about the uncertainty of trade prospects are still lingering, and the overall copper price is in a wait-and-see state of range fluctuation. At present, the domestic copper scrap supply continues to be in short supply, and the asking price of the holders is strong. Copper manufacturers and traders have turned to electrolytic copper procurement, speeding up the inventory of electrolytic copper, and the holders have continued to ship at a premium. Near the May Day holiday, the pre-holiday material preparation is in progress, which supports the short-term copper price. However, during the May Day holiday, the domestic market is closed, while the external market continues to trade, so we still need to be alert to the risks brought by tariff war to the global market.
Aluminum: Today, the aluminum price in Foshan market is stable, and the cautious mood in the market is heating up. Short-term SHFE aluminum 20 thousand line is still under pressure, and the current main contract is weak near 19900. The stabilization of alumina and the increase in consumption have kept the price of aluminum relatively stable in the near future. However, the capital market is still worried about the pressure brought by the trade war on the global market, aluminum prices or range fluctuations.
Zinc: The price of zinc has risen slightly, so traders are extremely cautious in receiving goods. Most of them make inquiries only after receiving orders. The downstream manufacturers have doubts about the future price of zinc, and their enthusiasm for preparing materials for long holidays is poor. Most of them wait and see, and their purchasing enthusiasm is not high. The overall market transaction is average.
Stainless Steel: The rally of nickel market is weak, and stainless steel futures are still falling. It is the end of the month and the May Day holiday is coming. The spot market maintains a cautious wait-and-see attitude, and the scrap industry maintains a low-price trading atmosphere, and the overall transaction is light. (For reference only)
Aluminum: Today, the aluminum price in Foshan market is stable, and the cautious mood in the market is heating up. Short-term SHFE aluminum 20 thousand line is still under pressure, and the current main contract is weak near 19900. The stabilization of alumina and the increase in consumption have kept the price of aluminum relatively stable in the near future. However, the capital market is still worried about the pressure brought by the trade war on the global market, aluminum prices or range fluctuations.
Zinc: The price of zinc has risen slightly, so traders are extremely cautious in receiving goods. Most of them make inquiries only after receiving orders. The downstream manufacturers have doubts about the future price of zinc, and their enthusiasm for preparing materials for long holidays is poor. Most of them wait and see, and their purchasing enthusiasm is not high. The overall market transaction is average.
Stainless Steel: The rally of nickel market is weak, and stainless steel futures are still falling. It is the end of the month and the May Day holiday is coming. The spot market maintains a cautious wait-and-see attitude, and the scrap industry maintains a low-price trading atmosphere, and the overall transaction is light. (For reference only)
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