Copper:

Today, the price of recycled copper in Foshan market fell slightly and trading was cautious. Overnight LME Copper punch down put pressure on the domestic copper price, but the spot recycled copper price is relatively resistant to decline as the supply of goods continues to be tight. According to the understanding, the supply of recycled copper available for trading in the domestic market continues to be tight at present, and there is a lack of supplement of imported resources. However, the quantity of domestic recycled copper is limited. It is expected that it is still difficult to improve in the short term. In particular, the supply of high-quality recycled copper is even more in short supply. Holders maintain a firm asking price and have a strong mentality of being reluctant to sell. It is difficult for downstream users and traders to reach a deal if they want to keep prices down. After entering April, consumption showed signs of accelerating. Recently, the electrolytic copper stock in Guangdong market has dropped to around 60,000 tons, and the commodity holders have maintained the premium quotation.

Aluminium:

Today, the aluminum price in Foshan market rose slightly, and the market demand is gradually improving. Domestic aluminum ingot inventory continues to go out of stock, which supports the short-term aluminum price.

Zinc:

Today, the zinc price in Foshan market has stabilized. After this week's continuous decline, the zinc price has accumulated a large decline. The industry generally expects that there is relatively limited room for the zinc price to continue to decline. Therefore, the downstream zinc manufacturers' buying interest has increased significantly, and the number of merchants involved in bargain hunting has increased significantly. However, the traders are strongly willing to support the price and have a strong mentality of being reluctant to sell. They hope that the zinc price will rise again.

Stainless steel:

Today, the price of waste stainless steel in Foshan market fell slightly. The weak nickel price continued to restrict the trading enthusiasm in the waste stainless steel market. However, the negative impact of the steel mill's reduction in product price has not yet been digested. The industry expects the short-term trend of waste stainless steel to remain weak. However, there is a strong reluctance on the part of the sellers to sell goods, as the circulation of goods in the market is tight, thus supporting prices to resist falling. (Source: Lingtong Metal Information)