Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 15
2025-4-15
Copper: The spot copper price in Foshan market is stable today. Due to the recent easing of the impact of reciprocal tariffs and the rebound of the domestic stock market, the spot copper price continued to rally. Due to the tight volume of goods and serious losses in the previous period, the holders of recycled copper continued to raise their asking prices substantially and showed a strong desire to chase up. Copper mills and enterprises were cautious in chasing up because of the uncertain international situation and the partial impact on their exports. Judging from the current situation, there are still many uncertain factors in the impact of tariff measures from the United States, and the worries about the impact of international trade and economic development continue to exert some pressure on the broader market. Concerned about the subsequent domestic operation and the impact of US tariffs, funds are prone to risk and profit.
Aluminum: Today, the price of aluminum in Foshan market dropped slightly, and the short-term trend fluctuated weakly. Trump's plan to impose tariffs on chip drugs caused market concerns, and the aluminum futures in SHFE and LME fluctuated and fell, which dragged down the current aluminum price. Although the overall decline in aluminum prices is limited, the domestic aluminum market has intensified the circulation pressure, and the downstream wait-and-see and low-priced mining has put pressure on aluminum prices and poor trading.
Zinc: When the price of zinc falls, traders are more cautious in receiving goods, and they mainly maintain the existing inventory operation. The downstream materials manufacturers are not confident and have low purchasing enthusiasm. They purchase in small quantities according to the single order, and the overall market trading atmosphere is average.
Stainless Steel: LME nickel staged a "V" trend, rebounding rapidly from the post-epidemic low point. Stimulated by the outside world, stainless steel futures successfully stopped falling and rallied, reviving the confidence in the spot market. The atmosphere of scrap trading changed from chaotic fear to bullish sentiment. Manufacturers took advantage of the low demand to enter the market, and buyers seized the goods first, generally rising with the trend. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market dropped slightly, and the short-term trend fluctuated weakly. Trump's plan to impose tariffs on chip drugs caused market concerns, and the aluminum futures in SHFE and LME fluctuated and fell, which dragged down the current aluminum price. Although the overall decline in aluminum prices is limited, the domestic aluminum market has intensified the circulation pressure, and the downstream wait-and-see and low-priced mining has put pressure on aluminum prices and poor trading.
Zinc: When the price of zinc falls, traders are more cautious in receiving goods, and they mainly maintain the existing inventory operation. The downstream materials manufacturers are not confident and have low purchasing enthusiasm. They purchase in small quantities according to the single order, and the overall market trading atmosphere is average.
Stainless Steel: LME nickel staged a "V" trend, rebounding rapidly from the post-epidemic low point. Stimulated by the outside world, stainless steel futures successfully stopped falling and rallied, reviving the confidence in the spot market. The atmosphere of scrap trading changed from chaotic fear to bullish sentiment. Manufacturers took advantage of the low demand to enter the market, and buyers seized the goods first, generally rising with the trend. (Analyzed by LTIT)
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