Aluminum: Today, the price of aluminum in Foshan market has risen further, which has stimulated the market's purchasing mentality to pick up. Some aluminum factories and enterprises purchase on the market with them, while the goods holders make a small profit by shipping at a discount when the supply of goods is sufficient. At present, it has entered the peak season of traditional demand, and consumption recovery is expected. Driven by the recovery of demand, it is expected that the social inventory of aluminum ingots will begin to decrease in mid-March.
Zinc: SHFE zinc showed strong performance, middlemen and traders were still worried about the trend of zinc market in the future, and they were cautious in purchasing. Most downstream manufacturers maintained on-demand procurement, and some manufacturers replenished their stocks in moderation. The overall transaction volume changed little compared with yesterday. China will enter the traditional consumption peak season, but it is still in the stage of accumulated inventory, and the price of zinc is expected to rise in the short term, so the increase rate is not worthy of optimism.
Stainless Steel: Nickel prices have been boosted by the disturbance of the expected interest rate cut by the Federal Reserve. As the futures market rises, the market decline slows down, the cost support gradually plays a role, and the rigid demand may also make up for it while it is low. The market will wait for the callback and then exert its strength again. Short-term SHFE nickel is boosted by macro atmosphere to maintain a high level, but it is still necessary to be alert to the pressure brought by the overall surplus.
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