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Metal scraps performances in Foshan market on April 21
2021-4-21

Copper: Today, the recycled copper price in Foshan market reappeared in decline, while the short-term copper price continued to fluctuate at a high level. Although the copper price has been adjusted back, the adjustment range is still limited, and the traders are still expecting the rise. However, in terms of actual operation, copper manufacturers are cautious in purchasing goods. After all, the current copper price is still at a high price, and there is no risk of further callback; On the other hand, the expected peak demand season is not ideal, and the terminal market traders still worry about the high copper price, and they still need time. Therefore, at present, most copper manufacturers still purchase on demand, and the market transaction volume is still limited. 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 shocks.


Aluminum: Today, the aluminum price in Foshan market fell slightly. Recently, SHFE aluminum has kept fluctuating above 18,000 yuan, and the market consumption has improved compared with the first quarter, which shows that the market acceptance is slowly improving. However, many aluminum manufacturers said that the current aluminum price is at a higher price and the purchase cost is high, so they will continue to be cautious in purchasing goods and mainly purchase according to needs.


Zinc: Today, the zinc price in Foshan market continues to fall, which makes the market cautious. Many middlemen and traders are worried that there is still room for the short-term zinc price to fall, so they are relatively cautious in purchasing goods. At present, the purchasing intention of zinc manufacturers is weak, and they are still mainly purchasing on demand. Some manufacturers make up their positions at low prices, and the overall trading volume of the market has increased compared with yesterday.


Stainless Steel: Today, the price of stainless steel in Foshan market stopped falling and stabilized. LME nickel runs around 16000 points, and the interval oscillation track is obvious. Affected by the slack steel strip market, the price of waste stainless steel has been falling all the way recently, the market lacks confidence, the buyers are not active in operation and are inclined to receive goods at a lower price, and the circulation of low-priced goods still has support for the time being, and the overall market performance is sluggish.

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