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Metal scraps performances in Foshan market on Fer 19
2020-2-19
Copper: The price of recycled copper in South China market is stable today. At present, copper prices in the futures market remain in a narrow range of fluctuation, with limited guidance on the direction of spot copper prices. At present, the overall price of domestic recycled copper has not changed much. With the recent resumption of work in copper and downstream processing industries, the demand in the copper market is expected to continue to improve. However, at this stage, the recovery process of demand is still slow. Under the condition of difficult receipt and tight supply of recycled copper, the price charged by the goods holders is firm, while the supply of electrolytic copper is relatively sufficient, with a price margin of over 100 yuan. Although the resumption of work is still not satisfactory, 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 eases. At present, the market is paying close attention to the further situation of the epidemic. 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: Zinc price in South China market declines slightly today. Smelting enterprises have made good progress in resuming production and the market supply is abundant. With the gradual relaxation of prevention and control policies, the recovery of freight logistics, the gradual increase of market transactions, the stable trend of zinc prices, the increased confidence of downstream manufacturers and the improvement of overall market transactions. In the future, the favorable policy effect will appear, and there will be support for the zinc price, which is expected to rise steadily. Stainless Steel: The price of waste stainless steel in South China market shocks vulnerable today. The fall of LME nickel fell below the 13,000 mark, coupled with a fall in spot prices in the domestic stainless steel market, which is expected to depress the price of raw materials and the scrap market. At present, Foshan has liberalized the policy of "return to work for record and approval", but the return to work in the waste stainless steel industry has stagnated. (LTIT)

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