Copper：Today, the price of recycled copper in Foshan market is rising again, and worries in the market have eased somewhat. The official manufacturing PMI data released by China far exceeded expectations. In addition, the expansion of measures to contain coronavirus in the United States has brought optimism to the market, and short-term capital increases have pushed up copper prices. In the morning, LME copper rose more than 100 U.S. dollars, and SHFE copper also rose sharply, driving the domestic fine scrap copper price to rise across the board. However, the industry is not optimistic about the sustainability of the copper price rise, mainly because the global epidemic is still accelerating. At present, the cumulative number of confirmed cases of newly crowned pneumonia in the world has exceeded 790,000. In the spot market, the shortage of recycled copper supply and high market prices have resulted in extremely reduced price difference between refined and waste products. Businesses have turned to purchasing electrolytic copper and sales of recycled copper have been suppressed.

Aluminum：Today, the overall price of aluminum in Foshan market has not changed much. Recently, the low price of aluminum has attracted many aluminum manufacturers and traders to enter the market to copy and replenish the stock. The transaction is relatively active. Compared with the copper market, the recent rebound in aluminum prices is obviously insufficient, mainly due to high inventories. Although aluminum enterprises have basically resumed work, the consumption of aluminum in the downstream is still starting slowly, and the domestic electrolytic aluminum inventory is still at a high level.

Zinc：The price of zinc in Foshan market rose sharply today. US and Russia agree to negotiate oil market, soaring oil price pushes up zinc price. The overseas epidemic situation continues to spread. The market has an empty attitude towards the future market. Merchants are mainly engaged in delivery. Traders follow the market and purchase according to orders. Downstream zinc producers are mainly cautious in purchasing. They replenish their stock at a low price and have a moderate turnover.

stainless steel：Today, the price of waste stainless steel in Foshan market is stable, and nickel price is currently kept in a narrow range, with limited guidance on stainless steel price. The stainless steel market continued to maintain stability until the end of the month. Some specifications and materials rose slightly to clinch a deal. However, the production profits of steel mills have not yet been released. Scrap trading has remained deadlocked and the market has recovered weakly.