Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 11
2025-4-11
Copper: The spot copper price in Foshan market fell slightly today, but did not follow the rebound of copper futures, which shows that the trading confidence in the market is still weak. At present, LME copper is in a narrow range around $9,000, while the main contract of SHFE copper is in a strong range around $74,500. Short-term copper prices may be driven by "policy bottoming+emotional repair+inventory support", and the trend may remain strong. However, the changing Trump tariffs is still the biggest uncertainty factor. Authorities remind that the rebound is a typical subconscious reaction of financial markets, but from the perspective of industrial metals, the most obvious problem is that the relationship between the United States and China has not improved. The traders are worried about the global economy, and most copper factories and enterprises are cautious about the follow-up trend.
Aluminum: Today, the price of aluminum in Foshan market continues to fall. Although the current market pressure has eased, the trade relationship between China and the United States is still tense. American automobile tariffs and other things have put pressure on aluminum export consumption, and the market is constantly seeking new breakthroughs in consumption direction. It is expected that aluminum prices will be repeatedly under pressure under the influence of the changeable American tariffs in the international economic environment.
Zinc: The news of trade in tariff war is flying, the price of zinc has stabilized temporarily, the market supply has been tightened, the spot premium of goods holders has risen, and the downstream manufacturers are empty-minded. Most of them are cautious in purchasing goods on demand, and the market transaction is weak, which also drags down the enthusiasm of traders to receive goods to a certain extent, and the market transaction is weak. The market expects the short-term zinc price trend to remain weak.
Stainless Steel: LME nickel continued to rebound, driving domestic SHFE nickel to rise, but stainless steel futures still fell, the tariff trade war impacted market confidence, the spot steel strip trading was sluggish, the waste industry was locked in a safe-haven state, manufacturers and buyers were inclined to lower the price to receive goods, and the transaction bargaining continued to drop slightly. Under the impact of tariff storm, the stainless steel market may continue to run weakly. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market continues to fall. Although the current market pressure has eased, the trade relationship between China and the United States is still tense. American automobile tariffs and other things have put pressure on aluminum export consumption, and the market is constantly seeking new breakthroughs in consumption direction. It is expected that aluminum prices will be repeatedly under pressure under the influence of the changeable American tariffs in the international economic environment.
Zinc: The news of trade in tariff war is flying, the price of zinc has stabilized temporarily, the market supply has been tightened, the spot premium of goods holders has risen, and the downstream manufacturers are empty-minded. Most of them are cautious in purchasing goods on demand, and the market transaction is weak, which also drags down the enthusiasm of traders to receive goods to a certain extent, and the market transaction is weak. The market expects the short-term zinc price trend to remain weak.
Stainless Steel: LME nickel continued to rebound, driving domestic SHFE nickel to rise, but stainless steel futures still fell, the tariff trade war impacted market confidence, the spot steel strip trading was sluggish, the waste industry was locked in a safe-haven state, manufacturers and buyers were inclined to lower the price to receive goods, and the transaction bargaining continued to drop slightly. Under the impact of tariff storm, the stainless steel market may continue to run weakly. (Analyzed by LTIT)
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