Aluminum: Today, the aluminum price in Foshan market continues to rise, and the short-term trend fluctuates strongly. Domestic aluminum ingot transportation is delayed and the downstream replenishment is active. Recently, the consumption of aluminum market has improved obviously, and the continuous decline of domestic aluminum ingot social storage is close to the lowest point in the year, which has formed a strong support for aluminum prices. However, there is no big warming trend in the downstream construction of aluminum, and the enthusiasm of terminal stocking is not good, which limits the increase.
Zinc: Today, the price of zinc in Foshan market has not changed much, and the market has a strong wait-and-see atmosphere. Traders are more cautious in purchasing goods, and they all focus on maintaining existing stocks. Downstream manufacturers are also cautious, and they basically purchase goods according to orders. Most of the overall market transactions come from traders.
Stainless Steel: LME nickel failed to break through 17,000, the end of the session fell by nearly 4%, SHFE nickel was pressed back to the 130,000 mark, and stainless steel futures withstood the pressure and continued to rise. The spot market is cautious, and the scrap industry is mainly based on single operation. The manufacturer negotiates according to the quotation range, and the transaction is deadlocked. (Analyzed by LTIT)
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