Aluminum: Today, the aluminum price in Foshan market is stable, and the short-term trend fluctuates strongly. There are still some concerns about the domestic supply side, and there may be a second round of production reduction in Yunnan. Coupled with the influence of extremely cold weather in the north, the delivery of aluminum ingots is blocked, which will support the aluminum price in the short term. However, the spot demand performance is weak, and the motivation for merchants to enter the market to replenish stocks is obviously insufficient, which limits the increase.
Zinc: The situation in the Red Sea pushed up the oil price to drive the price of zinc higher. Most of the market participants were cautious, and the cargo-holders were willing to ship. The downstream manufacturers had obvious wait-and-see mood, and most of them were mainly based on inquiry. In addition, the manufacturers responded to the slowdown in orders, and the fear of falling enveloped the market, and the market transactions turned weak. Social stocks are at a relatively low level and the price of zinc is high. It is expected that zinc will remain volatile and rebound in the short term.
Stainless Steel: Stainless steel futures rose continuously, and recorded six consecutive rises. The confidence in the spot market gradually increased. The steel strip rose with small steps, and the transaction improved, which promoted the enthusiasm of scrap manufacturers to purchase and replenish. Buyers generally raised the receiving price to stimulate the circulation of goods. At present, the spread between the spot price and the futures price has reached a level, thus attention should be paid to the spot price and the rise percent.
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