Copper:Today, the price of recycled copper in Foshan market rose further, but the increase was relatively limited. The latest news shows that the U.S. House of Representatives voted to pass a 2 trillion dollar economic stimulus bill. This is great good news. I wonder how the market will react. At present, the enthusiasm of the copper market to catch up is still limited. If the US economic stimulus act is positive, short-term copper prices may rise further, and spot copper prices will follow. However, the spread of the new global crown epidemic has not stopped. The market is under great psychological pressure and still worries about the limited rebound of copper prices. In addition, the rapid spread of the overseas epidemic in late March has led to the inability to export Malaysia's scrap copper resources. Several overseas countries have closed their cities and countries. It is expected that the import of domestic scrap copper will not increase significantly in April.

Aluminum:Today, the price of aluminum in Foshan market has risen sharply, and the long-awaited rally has finally come. The low price of aluminum attracted capital to bottom, boosting the price of aluminum to rise sharply. The purchasing enthusiasm of the spot aluminum market also increased significantly. Recently, the stock of aluminum ingots in Guangdong market showed a slight decline. In the short term, the fundamentals of the aluminum market are still weak, and the continuous sharp rise in aluminum prices may not be sustainable.

 Zinc:Today, the zinc price in Foshan market rose slightly in an all-round way. The market is still worried about the continuous spread of the overseas epidemic. Most of them are cautious and are mainly short positions. The increase in zinc price is asymmetric with the blockbuster good news released by the United States, which affects the purchasing mentality of manufacturers to a certain extent. Until the bottom can be determined, the market is still in a strong wait-and-see atmosphere.

stainless steel:Today, the price of waste stainless steel in Foshan market showed a stable performance. LME nickel repeatedly tested the 11000-point support platform, and the market temporarily tended to a narrow range of shocks. The stainless steel market has also gradually stabilized recently, and it is common to maintain a stable price. Therefore, the scrap market industry is gradually showing a desire to bottom out and import goods, with some buyers receiving slightly higher prices.