Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 16
2025-4-16
Copper: The spot copper price in Foshan market fell slightly overall today. The tariff storm stimulated risk aversion and suppressed the expectation of metal demand. The copper futures rebounded briefly and then fell under pressure. At present, LME copper fluctuates in a narrow range around $9,100, and the main contract of SHFE copper remains around $75,400. At present, the trading mood in the spot market is still cautious, the shortage of recycled copper supply is getting worse and worse, and the asking price of the holders is firm, which once brought the price difference between refined waste and scrap to the limit level. There is a general lack of confidence in the short-term copper price trend, and the global economic uncertainty caused by the US tariff policy still exists. Analysts said, "As traders evaluate the latest tariff measures in the United States, the trend of basic metals, including copper, lacks targets."
Aluminum: Today, the aluminum price in Foshan market is stable, but the market is worried about repeated tariffs and economic recession, and the cautious atmosphere in the market dominates. In the short term, the aluminum price may be difficult to break through the existing fluctuation range, and the long-short game will continue the seesaw pattern, and the price performance is more likely to show the characteristics of fluctuation within the range, and the fluctuation range may be 19,500-20,000 yuan.
Zinc: The price of zinc is weak, and traders are extremely cautious in receiving goods. Most of them make inquiries only after receiving orders. The downstream manufacturers have insufficient confidence in the price of zinc, and wait and see to purchase on demand, so the overall market transaction is dull. The escalation of global trade disputes and the decline of economic growth are expected to continue to suppress the terminal consumption of zinc, and it is expected that the short-term zinc market trend will remain weak.
Stainless Steel: The price of nickel continued to rally, and the confidence in the stainless steel market continued to be stabilized. Spot trading continued to warm up, and the price increase of steel strip was facing a test. The scrap was reluctant to sell at a low price, resulting in a tight supply. Some active buyers chased after the goods and the overall transaction price center shifted upward. At present, the price of stainless steel is still rising, which will last for a while. (Analyzed by LTIT)
Aluminum: Today, the aluminum price in Foshan market is stable, but the market is worried about repeated tariffs and economic recession, and the cautious atmosphere in the market dominates. In the short term, the aluminum price may be difficult to break through the existing fluctuation range, and the long-short game will continue the seesaw pattern, and the price performance is more likely to show the characteristics of fluctuation within the range, and the fluctuation range may be 19,500-20,000 yuan.
Zinc: The price of zinc is weak, and traders are extremely cautious in receiving goods. Most of them make inquiries only after receiving orders. The downstream manufacturers have insufficient confidence in the price of zinc, and wait and see to purchase on demand, so the overall market transaction is dull. The escalation of global trade disputes and the decline of economic growth are expected to continue to suppress the terminal consumption of zinc, and it is expected that the short-term zinc market trend will remain weak.
Stainless Steel: The price of nickel continued to rally, and the confidence in the stainless steel market continued to be stabilized. Spot trading continued to warm up, and the price increase of steel strip was facing a test. The scrap was reluctant to sell at a low price, resulting in a tight supply. Some active buyers chased after the goods and the overall transaction price center shifted upward. At present, the price of stainless steel is still rising, which will last for a while. (Analyzed by LTIT)
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