Aluminum: Today, the price of aluminum in Foshan market rose slightly, and the rise of spot aluminum price was weakened by the fall of SHFE aluminum, and the market cautious mood warmed up. Compared with the crazy rise of copper and nickel in recent days, the trend of aluminum price is relatively conservative this week, the price remains high and fluctuates, and the overall change is not big. Most aluminum manufacturers purchase single goods or prepare a small amount of materials, and traders are worried that the short-term aluminum price will have profit pressure.
Zinc: Compared with other metal varieties, zinc is relatively weak, the market trading atmosphere tends to be dull, and the follow-up motivation of zinc rise is insufficient, which affects the confidence of traders and manufacturers in purchasing goods to a certain extent, and the market transaction is average. The geopolitical situation between Iran and Israel has escalated again, driven by soaring copper sentiment. If the geopolitical situation no longer worsens, the price of zinc needs to be higher.
Stainless Steel: LME nickel followed the agitation of non-ferrous metals and continued to rise strongly, at the same time driving the domestic market to rise, SHFE nickel approached 140,000 again, and stainless steel futures rose to a new high after the year. However, at present, the spot market is relatively cautious, and the downstream acceptance capacity of steel strip is insufficient after the price increase, and the scrap trading dare not rush to chase high, paying attention to the market lacking demand support. (Analyzed by LTIT)
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