News Current location: Home - News
Metal scraps performances in Foshan market on Mar 27
2020-3-27

Copper:reached an unprecedented stimulus plan, the US$ 2 trillion economic rescue plan stimulated market nerves. And beyond that, the G20 summit announced on Thursday night that it would respond to the impact of the epidemic at all costs and launch a $5 trillion economic plan. Despite the continuous positive news, the domestic and foreign copper prices are still calm and the cautious mood in the market continues to heat up. Market participants believe that the real turning point of copper price still needs to wait until the epidemic situation is effectively controlled. With the rapid spread of the epidemic abroad, many overseas countries have closed their cities and closed their countries. Exports of commodities such as scrap copper and copper are greatly affected. It is expected that domestic copper imports will not increase significantly in April.

 

Aluminum:Aluminum prices in Foshan market are stable today. At present, the industry generally believes that there is limited room for aluminum prices to continue to fall. At the current low level, many aluminum manufacturers and traders are attracted to enter the market to copy the bottom and replenish the stock. Holders also offer premium prices.  Supported by the improved demand, the stock of aluminum ingots in Guangdong market recently showed a slight decline. However, under the current epidemic situation, the price of aluminum still needs to be cautious.

 

Zinc:Today, the zinc price in Foshan market rose across the board, but the market was still cautious. The overseas epidemic situation continues to spread. The market has an empty attitude towards the future market. Merchants are mainly engaged in delivery. Traders follow the market and purchase according to orders. Downstream zinc producers are mainly cautious in purchasing. They replenish their stock at a low price and have a moderate turnover. Considering the impact of the epidemic, the market expects that the zinc price will still fall in the future.

 

stainless steel:Today, the price of waste stainless steel in Foshan market continues to perform steadily. The global epidemic situation continues to erupt and spread. Overseas stainless steel manufacturers have announced to suspend production one after another. Domestic demand pressure in the domestic market has increased dramatically. At present, the low level of stainless steel is stable. At the end of the month, the pressure on inventory supply is prominent. Manufacturers purchase on demand. The trading situation is stable.

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!