Aluminum: Today, the price of aluminum in Foshan market has fallen again, and the short-term trend is more repeated. At present, the consumption of domestic aluminum market is slowly recovering, and the accumulated inventory has not yet ended. There is still pressure on the short-term aluminum price trend, and the price may continue to fluctuate within a narrow range. However, after the Lantern Festival, the aluminum market demand is expected to improve, and the domestic measures to continuously release favorable real estate are conducive to the rise of aluminum prices in the after-market.
Zinc: Zinc fluctuated within a narrow range, and traders still didn't receive much goods. They mainly kept buying and selling now, and only made inquiries in the market when the orders were fulfilled. The downstream zinc manufacturers were also relatively cautious, and most of the transactions came from traders and middlemen, and the market demand remained stable. The bottom support of zinc price has been strengthened, downstream enterprises have resumed work one after another, and zinc price may rise at a low level.
Stainless Steel: The news of sanctions against Russia in Europe and the United States faded, and the speculation in the nickel market cooled down. It is expected that the price increase of nickel will be limited, but the center of gravity will move up. SHFE nickel and stainless steel futures fell, and the price increase momentum in the spot market immediately weakened. After the festival, the recycling sites in the waste industry resumed work one after another. It is expected that the circulation of goods will gradually increase, and with the recovery of popularity, supply and demand will rise accordingly. ( Analyzed by LTIT)
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