Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 9
2025-4-9
Copper: The spot copper price in Foshan market continued to fall today, and the market sentiment was empty. Today, LME copper continued to fluctuate weakly, approaching the $8,500 mark again in intraday trading, while the main contract of SHFE copper fell to an eight-month low. The market was worried that the spread of panic would aggravate the downward pressure on the copper market, and the new low of copper prices further strengthened the market short expectations. The traders are very cautious about the current tariff storm. Although domestic efforts have been made to stimulate financial markets, including stocks, to ease the pressure, the market is worried about the far-reaching impact of the international economic level, which makes the capital risk control operation empty; It is expected that there will still be pressure on the copper trend in the absence of signs of easing Sino-US trade, and the $8,000 mark tested on Monday has become a concern.
Aluminum: Today, the price of aluminum in Foshan market dropped sharply, and the market worries continued to escalate. Although the weakening of the US dollar has supported the aluminum price and limited the certain decline of the price, the market's concerns about the current trade war between China and the United States have continued to escalate, and the aluminum price has fallen with the broader market. Based on the recent sharp drop in aluminum prices, the delivery of goods by holders in the aluminum market has accelerated, but buyers are cautious in receiving goods, and the phenomenon of price reduction is widespread.
Zinc: the price of zinc continues to drop, and the market is mainly on the sidelines. Middlemen are cautious in purchasing goods according to orders. Downstream manufacturers are worried about the price of zinc in the after-market, and their purchasing enthusiasm is not high. Market transactions are mainly based on rigid demand. The escalation of global trade disputes and the decline in economic growth are expected to continue to suppress the terminal consumption of zinc, and it is expected that zinc prices will remain weak in the short term.
Stainless Steel: Tariff escalation hit the global market hard, the peripheral nickel price quickly fell to the low level in recent years, stainless steel futures continued to drop and set a new low in the year, the spot market fell into an atmosphere of panic and decline, risk aversion in the waste industry, and even a chaotic bargaining model appeared. The trading price of 304 fell below the 10,000 mark. Traders should focuses on the mutual counteraction of Sino-US trade wars in the after-market . (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market dropped sharply, and the market worries continued to escalate. Although the weakening of the US dollar has supported the aluminum price and limited the certain decline of the price, the market's concerns about the current trade war between China and the United States have continued to escalate, and the aluminum price has fallen with the broader market. Based on the recent sharp drop in aluminum prices, the delivery of goods by holders in the aluminum market has accelerated, but buyers are cautious in receiving goods, and the phenomenon of price reduction is widespread.
Zinc: the price of zinc continues to drop, and the market is mainly on the sidelines. Middlemen are cautious in purchasing goods according to orders. Downstream manufacturers are worried about the price of zinc in the after-market, and their purchasing enthusiasm is not high. Market transactions are mainly based on rigid demand. The escalation of global trade disputes and the decline in economic growth are expected to continue to suppress the terminal consumption of zinc, and it is expected that zinc prices will remain weak in the short term.
Stainless Steel: Tariff escalation hit the global market hard, the peripheral nickel price quickly fell to the low level in recent years, stainless steel futures continued to drop and set a new low in the year, the spot market fell into an atmosphere of panic and decline, risk aversion in the waste industry, and even a chaotic bargaining model appeared. The trading price of 304 fell below the 10,000 mark. Traders should focuses on the mutual counteraction of Sino-US trade wars in the after-market . (Analyzed by LTIT)
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