Copper: Today, the recycled copper price in Foshan market continued to rise slightly. This week, the copper price continued to fluctuate strongly, and the market bullish sentiment remained high. At present, LME copper keeps fluctuating above $9,400, while SHFE copper is gradually approaching the 70,000 yuan mark. It is generally expected that the arrival of the peak demand season of copper market will benefit copper prices, and the high import cost of copper will support the high operation of copper prices to a certain extent, and copper prices are expected to rise further in the future. However, the current copper market is interwoven with long and short positions, with high shocks or the main tone of the recent copper price trend. However, from the recent market transactions, the high copper price has also caused some pressure on the terminal consumption of the copper market. At present, copper manufacturers generally report that there are few orders, so the procurement of raw materials is still based on demand, and electrolytic copper maintains discounted transactions.

Aluminum: Today, the price of aluminum in Foshan market is stable and the transaction is dull. After the rebound of aluminum, it oscillated at a high level, and there was still a week to take a small holiday on May 1 ST. During this period, there was some settlement demand, but the high price range also suppressed some purchase and replenishment mentality; At present, the high aluminum price has put some pressure on the demand, the total order quantity has weakened, and the operation of factories and enterprises is cautious.

Zinc: Today, the zinc price in Foshan market continued to hold steady, reaching the bottom of the shock range, the shipment of goods holders slowed down, the downstream manufacturers kept a more cautious attitude, and some manufacturers with rigid demand were more active in purchasing at falling prices, and the spot transactions increased significantly compared with the previous period. It is expected that the zinc price range will rebound at a low level.

Stainless Steel: The price of stainless steel in Foshan market has not changed much today. LME nickel continuously oscillates within a narrow range around 16,000 points, and there is no directional breakthrough yet, and the guidance is unclear. Recently, the waste stainless steel market has maintained a low-price trading atmosphere, with a strong reluctance to sell goods, resulting in a serious contraction of supply circulation, and manufacturers and buyers are also in a state of cautious price reduction, resulting in a stalemate in the transaction.