Aluminum: The price of aluminum in Foshan market has not changed much today. At present, the downstream consumption of aluminum market is still poor, and spot trading has not changed the downturn. Under the background of traditional consumption off-season, the pressure above aluminum price is obvious. With the increasing liquidity of funds in the year-end and month-end, purchasing the final payment by order is still the main operation of aluminum enterprises in the near future, and the national aluminum social inventory continues to decline slightly.
Zinc: The price of zinc fluctuated within a narrow range, and the traders near delivery were more positive in their shipping mentality. The purchasing enthusiasm of downstream manufacturers was obviously insufficient. Most manufacturers still kept a cautious wait-and-see attitude, and bought small quantities with rigid demand. Most of the transactions came from traders. During the year, zinc ingots will remain in surplus, and the spot price has dropped by more than 1,000 yuan, and the downward pressure still exists. It is expected to remain volatile in the short term.
Stainless Steel: LME nickel hit 17,000 but failed, SHFE nickel and stainless steel futures were between rising and falling, the spot market showed signs of cooling, the steel strip transaction was average, steel mills suppressed the price of waste stainless steel by implication, which formed a stalemate with the psychology of holding goods for rising, and broke through the weakness. When the rebound of nickel price is blocked, the stainless steel market is slack and the market is slack as well. (Analyzed by LTIT)
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