Copper:

The price of recycled copper in Foshan has risen sharply in line with the expected rise in copper prices. As the two heads of state agreed to meet again during the G20 summit, easing worries about the prospects for Sino-US trade. Markets are watching closely the outcome of the Fed's deliberations today and are generally not expected to cut rates this week. Businessmen believe that the recent news surface changes, copper prices will continue to be affected by volatility, so the operation is still cautious. At present, the domestic supply of recycled copper continues to be tight. Most of today's retailers have homeopathically substantially increased their prices, with a relatively positive outlook on shipment. However, downstream copper manufacturers have limited incentive to take delivery. Copper rod companies generally reported weak off-season demand, orders have been reduced. Copper electrolysis resumed today with substantial premium.

Aluminum:

Today Foshan market aluminum prices rose slightly, and short-term aluminum price rebound is still weak. Weak off-season demand for aluminum prices put greater pressure. Aluminum ingots continue to be de-stocked in the off-season, but the decline has narrowed considerably, and inventories of aluminium bars have begun to re-accumulate, with overall demand shrinking. Decline in demand combined with a fall in prices, aluminum market traders buy cautiously.

Zinc:

Today's Foshan market zinc price performance is stable, and the market remains strong fear of decline, trading more cautious. At present, downstream middlemen and traders are worried about the future trend of zinc prices. Traders mostly keep low inventory operation, most of them enter the market after receiving orders for inquiries, and downstream zinc manufacturers are mostly wait and see. Recent transactions have been concentrated mainly among traders.

Stainless steel:

Foshan today market scrap stainless steel prices remain stable. Recently LME nickel repeatedly hit the $12,000 barrier resistance, but has not effectively broken through the rise in the price of waste stainless steel support is limited. However, some companies are still optimistic about the short-term trend of nickel prices, they buy more actively, and some even catch up with higher receipts to facilitate the transaction.   (Source: Lingtong Metal Information)