Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on March 7
2025-3-7
Copper: The spot copper price in Foshan market continues to rise today, and the trend is rising this week, and the market trading enthusiasm has warmed up. The market expected the Fed to cut interest rates in May, and the US dollar index continued to weaken. Buying on dips supported the rise of copper prices. China's loose capital is expected to increase, and market liquidity will increase, boosting market confidence. China has entered the "Golden March and Silver April" consumption peak season, and the purchasing intention of downstream copper manufacturers has increased. In addition, the inflow of imported copper has decreased, and the inventory of electrolytic copper in the domestic market has declined, and the spot discount of copper has also narrowed, which provides strong support for the rise of copper prices. On the whole, the fundamentals of the short-term copper market are generally bullish, and it is expected that the trend of copper prices will be dominated by strong shocks. In the short term, we need to continue to pay attention to the US tariff trends and impacts.
Aluminum: Today, the price of aluminum in Foshan market rose further. The domestic two sessions continued to release the expectation of increasing capital liquidity to stimulate the economy and timely lowering interest rates and standards, and SHFE aluminum attacked the 21,000 mark. Over time, the domestic market demand has continued to increase, and the volume of purchases by factories and enterprises has also risen steadily. The national social inventory of aluminum has re-entered a downward trend, decreasing to approximately 870,000 tons, which is favorable for short-term aluminum prices.
Zinc: SHFE zinc has once again risen above the 24,000 mark. Downstream intermediaries and traders are concerned about the future trend of the zinc market, maintaining a proactive approach to selling. However, the purchasing willingness of zinc-consuming manufacturers is not strong, with most maintaining a just-in-time procurement strategy. The market transactions are primarily driven by trades among merchants. The zinc price is currently expected to fluctuate within the range of 23,300 to 24,300 yuan per ton. Attention should be paid to the implementation of domestic policies and the transmission pace of processing fees at the mining end.
Stainless Steel: LME nickel finally broke through the $16,000 mark. The price of nickel rose to a high level in the past three months, which helped the stainless steel futures to rebound. The price increase atmosphere in the spot market was very strong. Steel mills rose to support the price of steel strips to climb, and the scrap industry was generally bullish. Manufacturers actively inquired for goods, but the supply of goods was tight, and buyers did not hesitate to chase after high prices to make deals, and the market rose steadily. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market rose further. The domestic two sessions continued to release the expectation of increasing capital liquidity to stimulate the economy and timely lowering interest rates and standards, and SHFE aluminum attacked the 21,000 mark. Over time, the domestic market demand has continued to increase, and the volume of purchases by factories and enterprises has also risen steadily. The national social inventory of aluminum has re-entered a downward trend, decreasing to approximately 870,000 tons, which is favorable for short-term aluminum prices.
Zinc: SHFE zinc has once again risen above the 24,000 mark. Downstream intermediaries and traders are concerned about the future trend of the zinc market, maintaining a proactive approach to selling. However, the purchasing willingness of zinc-consuming manufacturers is not strong, with most maintaining a just-in-time procurement strategy. The market transactions are primarily driven by trades among merchants. The zinc price is currently expected to fluctuate within the range of 23,300 to 24,300 yuan per ton. Attention should be paid to the implementation of domestic policies and the transmission pace of processing fees at the mining end.
Stainless Steel: LME nickel finally broke through the $16,000 mark. The price of nickel rose to a high level in the past three months, which helped the stainless steel futures to rebound. The price increase atmosphere in the spot market was very strong. Steel mills rose to support the price of steel strips to climb, and the scrap industry was generally bullish. Manufacturers actively inquired for goods, but the supply of goods was tight, and buyers did not hesitate to chase after high prices to make deals, and the market rose steadily. (Analyzed by LTIT)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
