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Metal scraps performances in Foshan market on Fer 18
2020-2-19
Copper: The price of recycled copper in South China market is stable today. At present, the epidemic situation has gradually stabilized, and the central and local governments at all levels have also continuously launched a series of stimulus measures, which are favorable to the copper market. However, as production has not officially resumed and the market is still worried about slowing down metal demand, the resistance to short-term copper price rise is still obvious. Entering this week, the number of metal enterprises returning to work has increased significantly. However, due to logistics and personnel arrival, the actual operating rate is still not high and the output is limited. At present, the market is still bullish on the future trend of copper market. It is expected that prices will rebound in a "V" shape after the epidemic situation has eased. At present, the market is paying close attention to the further situation of the epidemic and expects the full recovery of demand to drive up the price of metals. Aluminum: The price of aluminum in South China market continues to perform smoothly today. With the increasing number of enterprises returning to work in various regions, aluminum market transactions have also begun to increase. At present, various local departments continue to issue relevant support policies to support enterprises to resume work in an orderly manner under the anti-epidemic situation, which is also favorable for the expansion of follow-up demand. It is expected that the aluminum market will have an overall upward trend due to favorable policies and liberalization of demand. Zinc: The price of zinc in South China market is stable today. The supply of goods in the market is stable, the stock can be raised from stock, the return of production personnel is slow, and the semi-closed logistics of rural roads is not smooth. Downstream manufacturers place orders as required and conclude transactions within the quotation range. On the whole, the recovery of demand in the zinc market is still slow, and the short-term zinc price is still hovering at a low level and waiting to rise. Stainless Steel: The price of waste stainless steel in the South China market continues to hold steady today, with a slight drop in nickel price putting pressure on the stainless steel market. At present, stainless steel and related industries are waiting for orderly resumption of production and resumption of work. The popularity of easy trading in the market is still relatively low and fails to reflect the actual situation. In addition, the impact of logistics and transportation also limits the recovery of supply and demand in the market.

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