Copper: Today, the recycled copper price in Foshan market resumed its upward trend, following the price increase of copper futures. At present, the bullish sentiment in the market is still high. Driven by the pursuit of funds, LME copper continues to reach a high of US$ 9,400, while SHFE copper is approaching the 70,000 yuan mark again. The traders are very concerned about whether the short-term copper price can break through the previous high. However, in practice, the market confidence is slightly insufficient. In the face of high copper prices, copper manufacturers still purchase on demand, and the market cautious mood can be seen, while goods holders are active in shipping and profit first. The traders believe that if the short-term copper price is to break through the previous high, it still needs more favorable news and capital promotion. Without more favorable news, the short-term copper price trend may be dominated by repeated fluctuations.

Aluminum: Today, the aluminum price in Foshan market rose slightly, and the market was cautious. After SHFE aluminum broke through the 18,000 yuan mark, it consolidated in a narrow range at a high level. The market acceptance of this high price still needs time, and its operation tends to be cautious and its trading volume is limited. Although short-term aluminum enterprises will still suffer from high costs, the demand is expected to improve after entering April, which may benefit the aluminum price.

Zinc: Today, the price of zinc in Foshan market is stable, the short-term price of zinc continues to fluctuate at a high level, and there is an intensive atmosphere of fear of high market. Traders are extremely cautious in receiving goods, and most of them make inquiries only after receiving orders. The downstream manufacturers are hesitant about the future direction of zinc prices, and they mainly wait and see, with low purchasing enthusiasm and general market transactions.

Stainless Steel: Today, the price of stainless steel in Foshan market falls under pressure. This week, the domestic SHFE nickel and stainless steel futures prices continued their downward trend, coupled with the weak steel belt shipments, which continued to put pressure on the scrap stainless steel market. The manufacturers in the industry carefully avoided risks, further lowered the receiving price, and at the same time triggered the psychology of holding goods at low prices, which made the market transactions more deadlocked.