Aluminum: Today, the aluminum price in Foshan market is stable. The contradiction between supply and demand of SHFE aluminum is general, and the aluminum ingot library has been accelerated. Under the background of off-season consumption, the library has been declining for four consecutive weeks, which has certain support for aluminum prices. However, the import volume remained high, which supplemented the domestic supply and suppressed the aluminum price. At present, the market is in a state of long and short entanglement, and there is insufficient confidence in doing long or short, and the ups and downs are expected to be limited.
Zinc: Today, the price of zinc in Foshan market is falling under pressure. Traders are cautious in receiving goods, maintaining the principle of buying and selling now, and actively making inquiries in the market only when the orders are fulfilled. The downstream zinc manufacturers are also relatively cautious in their demand, and the overall market transactions have not changed much this week. The end of the mine continues to be tight, and zinc ingots will remain surplus during the year. It is expected that zinc prices will remain volatile in the short term.
Stainless Steel: The price of nickel has been rising for several days. Stainless steel is "strong in futures and weak in spot", and the actual transaction in the market is average. At present, the turnover of ferronickel has fallen to around 900, the price center of stainless steel raw materials has moved down, the cost support has dropped obviously, the scrap market has been under pressure, and the procurement of steel mills is generally inclined to depress prices, which has led to the subsequent downward adjustment of market transactions in the industry. (Analyzed by LTIT)
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