Copper:Today, the price of recycled copper in Foshan market rose further, and the enthusiasm for market transactions increased somewhat. Influenced by optimistic expectations for the approval of the massive fiscal stimulus bill, U.S. stocks surged overnight and DJIA soared 2100 points, the biggest one-day gain since 1933. The metal market was greatly encouraged and saw a strong rebound. LME copper, as a metal leader, took the lead in the rally, with its intraday high reaching 4,929 US dollars, or 328 US dollars. The optimistic atmosphere in the market has warmed up, and the favorable policy has finally taken effect. However, the spot copper market is relatively cautious in trading. As domestic copper prices have rebounded sharply for two consecutive days, the market is worried that short-term copper prices may still be re-explored if adverse news comes out of the epidemic. Therefore, most copper manufacturers are still watching carefully.

Aluminum:Today, the price of aluminum in Foshan market rose in an all-round way, but compared with the copper market, the price of aluminum is still weak. At present, the fundamentals of the aluminum market are weak on the whole, and the national social inventory of electrolytic aluminum has risen to 1.65 million tons, a full increase of 1 million tons compared with that before the Spring Festival, putting heavy pressure on the domestic aluminum price. In addition, the global auto industry's shutdown and production reduction will seriously weaken the demand for aluminum.

Zinc:Today, the zinc price in Foshan market showed a stable performance and did not follow the sharp rise in copper price. The market atmosphere was generally empty. At present, traders in the zinc market are still not receiving much goods. They mainly maintain light warehouse operation and only actively inquire about the prices in the market when the orders are fulfilled. Therefore, during this period of time, there are more traders and middlemen in the market, and the real market demand is still low.

stainless steel:Today, the price of waste stainless steel in Foshan market is stable, while the performance of LME nickel fluctuates repeatedly, which has limited support for the stainless steel market. As the direction of nickel market is unclear, the stainless steel market continues to operate under the pressure of contradiction between supply and demand, and the price of materials is weak and low. The profit margin of steel mills is being compressed, production and procurement are not active, and the waste market is waiting to see what happens.