Aluminum: Today, the price of aluminum in Foshan market continues to rise. The dovish remarks of Federal Reserve Chairman Powell set off the market risk appetite, and the price of aluminum at home and abroad rose strongly. In addition, the acceleration of the domestic aluminum ingot library boosted the SHFE aluminum to rise, and the northern region was affected by snowfall, and the short-term spot supply remained tight, or supported the short-term aluminum price shock.
Zinc: Today, the price of zinc in Foshan market continues to fluctuate and climb. Merchants lack confidence in the after-market, which suppresses the trading atmosphere in the market. Downstream purchases are made in small quantities according to orders. The actual market demand is poor and the overall transaction is dull. During the year, zinc ingots will remain in surplus, and the spot price has fallen by more than 1,000 yuan, and the downward pressure still exists. In the short term, zinc may remain volatile and rebound.
Stainless Steel: The weakening of the US dollar stimulated the collective carnival of metals, LME nickel rose again to approach the 17,000 mark, SHFE nickel took advantage of the situation to rebound, stainless steel futures continued to rise, the spot market took advantage of the low intervention mood to release, and manufacturers in the scrap industry raised the receiving price, and the market rose slightly. The news is expected to be well supported, and the stainless steel market is temporarily in a stable state. (Analyzed by LTIT)
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