Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on April 14
2025-4-14
Copper: Today, the spot copper price in Foshan market has risen sharply across the board, and the market optimism has warmed up. After the US government announced that it would suspend the tariff increase for some countries, the market sentiment eased and the copper price rebounded. However, the US tariff policy is expected to be repeated, and Trump's reneging attitude is at a loss. At present, the market worries are still there. It is expected that this round of rebound will hardly exceed the previous high point. At present, the variability of American tariff policy has undoubtedly become the focus of annual transactions, and its negative impact on the global economy remains to be seen. The market sentiment eased and superimposed. Last week, copper prices fell sharply, attracting the emergence of bargain-hunting and gas buying, improving transactions, resonating with the tight spot supply in concentrated demand, and short-term copper prices rallied.
Aluminum: Today, the aluminum price in Foshan market has risen in an all-round way, and the market has gradually digested the Trump trade war disturbance. The logic of the domestic consumption peak season has not changed, the apparent consumption is good, the demand in the new energy field is strong, the demand for aluminum cables is rising simultaneously, the low inventory and bargain hunting resonate to support the aluminum price, and the short-term aluminum fundamentals are bright in the non-ferrous sector, but the road to aluminum price rally is still under pressure.
Zinc: US tariff panic eased, zinc prices rebounded slightly, and the market wait-and-see atmosphere dominated. Traders were more cautious in receiving goods, and most of them made inquiries only after receiving orders. Downstream manufacturers were worried about the after-market, purchasing enthusiasm was not high, and the market trading atmosphere was average. There is still pressure on the terminal consumption of zinc market in the short term, and it is expected that the trend of zinc market will still fluctuate weakly.
Stainless Steel: The price of peripheral nickel rallied further and the $15,000 mark was repaired. Domestic Shanghai nickel continued to rise, and stainless steel futures also successfully stopped falling and rebounded. The spot market quickly warmed up when it entered the market at a low level, and the receipt of scrap manufacturers generally increased from a low level. The short-term market should pay attention to domestic policy trends, and it is expected that the stainless steel market will fluctuate weakly. (Analyzed by LTIT)
Aluminum: Today, the aluminum price in Foshan market has risen in an all-round way, and the market has gradually digested the Trump trade war disturbance. The logic of the domestic consumption peak season has not changed, the apparent consumption is good, the demand in the new energy field is strong, the demand for aluminum cables is rising simultaneously, the low inventory and bargain hunting resonate to support the aluminum price, and the short-term aluminum fundamentals are bright in the non-ferrous sector, but the road to aluminum price rally is still under pressure.
Zinc: US tariff panic eased, zinc prices rebounded slightly, and the market wait-and-see atmosphere dominated. Traders were more cautious in receiving goods, and most of them made inquiries only after receiving orders. Downstream manufacturers were worried about the after-market, purchasing enthusiasm was not high, and the market trading atmosphere was average. There is still pressure on the terminal consumption of zinc market in the short term, and it is expected that the trend of zinc market will still fluctuate weakly.
Stainless Steel: The price of peripheral nickel rallied further and the $15,000 mark was repaired. Domestic Shanghai nickel continued to rise, and stainless steel futures also successfully stopped falling and rebounded. The spot market quickly warmed up when it entered the market at a low level, and the receipt of scrap manufacturers generally increased from a low level. The short-term market should pay attention to domestic policy trends, and it is expected that the stainless steel market will fluctuate weakly. (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!
