Copper:

Foshan market today, reclaimed copper prices rose further. The recent weakness of the dollar has been the main driver of copper gains, optimism about the outlook for Sino-US trade consultations has also supported copper. Short-term copper prices are widely believed to be expected to rise further as demand starts. After the Lantern Festival, a few downstream copper manufacturers have resumed normal production. Due to the influence of caution before the festival, the quantity of materials prepared by manufacturers is quite limited. With the recovery of production, there is a demand for replenishment. Recently, the atmosphere of purchasing goods in the market has obviously improved. On the other hand, the recent rise in copper prices has accumulated a large increase. Many businesses are worried that short-term copper prices will have pressure of profit - taking. Therefore, with the increase in purchases is of relatively cautious, more to digest inventory.

Aluminum:

Foshan market aluminum prices rose slightly today, short-term trend is still weak, mainly constrained by supply pressure. Aluminum prices continued to run low this week, with the recovery of production after the festival, the downstream consumer’s purchase enthusiasm has been improved a little, trading is better. The current market is mainly concerned about the production schedule of new aluminum electrolytic capacity and changes in domestic inventory, supply pressure is expected to be difficult to be eliminated.

Zinc:

Foshan market zinc prices rose slightly today, price volatility. At present, orders in zinc market are still weak, buyers continue to purchase on demand, and middlemen and traders are still worried about the short-term trend of zinc market. Maintain the majority of current sales, generally after the implementation of orders into the market inquiry, the overall trading volume is limited.

Stainless steel:

Foshan market scrap stainless steel prices continued to rise slightly, mainly due to the rise in nickel. Lantern Festival has passed, the stainless steel market ushered in the peak of the start of work, and thanks to the recent continuous rise in nickel prices, the market bullish atmosphere is obviously warming up, businesses obviously active to purchase goods, trade tends good. (Source: Lingtong Metal Information)