Metal Scrap Performance in China
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Metal scraps performances in Foshan market on July 1
2025-7-1
Copper: Today, the copper price in Foshan market continues to be stable, and copper futures continue to consolidate at a high level and in a narrow range, waiting for more directions. Recently, the dollar continued to fall to support the metal market, and copper prices continued to remain at a high level. China's manufacturing activity shrank for the third consecutive month in June, but the rate of contraction was obviously slower than that of previous months, indicating that China's stimulus measures began to produce results. The overall performance of the fundamentals is stable, the internal and external copper stocks have dropped to a low level, and the long-term disturbance of the main overseas mines has led to the obstruction of production. The processing fee of the domestic copper concentrate is still in a negative range, further reflecting that the tight supply pattern at the mine ends is difficult to change and continues to support the copper price. However, market demand is still in the off-season, and market consumption is expected to weaken, or the price increase will be weakened.
Aluminum: Today, the aluminum price in Foshan market continues to be stable, and SHFE aluminum continues to fluctuate within a narrow range above the 20,000 mark. At present, the domestic market pays attention to the actual effect of the national subsidy policy, the aluminum ingot stock continues to be depleted, the demand side is stable, and the traders' willingness to receive goods is flat. The influence pressure of the off-season is still there, and the domestic self-adjustment ability is strong. It is expected that the short-term aluminum price will still maintain a range fluctuation.
Zinc: The price of zinc continued to fall, and traders' enthusiasm for entering the market was generally not high. The downstream was empty-minded about the after-market, and the bargain-hunting inquiry was positive, but the procurement was still limited, and most of them maintained on-demand procurement, and the overall transaction was slightly light. SHFE zinc ingot library is at a lower level and continues to support zinc prices; However, the off-season effect on the demand side is deepening, the downstream demand is general, and the short-term zinc price or interval fluctuation is dominant.
Stainless Steel: From July 1, 2025, anti-dumping duties will continue to be imposed on imported stainless steel billets and stainless steel hot-rolled plates/coils originating in the European Union, Britain, South Korea and Indonesia for a period of five years. Under the pressure of policy news, stainless steel futures fell, the trading atmosphere in the spot market turned cautious, and there were also some voices in the scrap industry to keep the price down. (for reference only)
Aluminum: Today, the aluminum price in Foshan market continues to be stable, and SHFE aluminum continues to fluctuate within a narrow range above the 20,000 mark. At present, the domestic market pays attention to the actual effect of the national subsidy policy, the aluminum ingot stock continues to be depleted, the demand side is stable, and the traders' willingness to receive goods is flat. The influence pressure of the off-season is still there, and the domestic self-adjustment ability is strong. It is expected that the short-term aluminum price will still maintain a range fluctuation.
Zinc: The price of zinc continued to fall, and traders' enthusiasm for entering the market was generally not high. The downstream was empty-minded about the after-market, and the bargain-hunting inquiry was positive, but the procurement was still limited, and most of them maintained on-demand procurement, and the overall transaction was slightly light. SHFE zinc ingot library is at a lower level and continues to support zinc prices; However, the off-season effect on the demand side is deepening, the downstream demand is general, and the short-term zinc price or interval fluctuation is dominant.
Stainless Steel: From July 1, 2025, anti-dumping duties will continue to be imposed on imported stainless steel billets and stainless steel hot-rolled plates/coils originating in the European Union, Britain, South Korea and Indonesia for a period of five years. Under the pressure of policy news, stainless steel futures fell, the trading atmosphere in the spot market turned cautious, and there were also some voices in the scrap industry to keep the price down. (for reference only)
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