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Metal scraps performances in Foshan market on January 14
2019-1-14

Copper:

Today, the price of secondary copper keeps slight decrease in Foshan market. The continuous decreasing attracted some traders to buy goods while the prices are low, but mostly only ask for a quotation. The Chinese New Year holiday will come soon, the orders from enterprises decrease a lot, and the factories will be on holiday soon, so the copper demand will be lower. Currently most of the factories and dealers prefer small storage, only some of them will prepare the storage advanced with lower price but the purchasing quantity is limited.  The lack of imported secondary copper and limits of cause the current shortage of the domestic secondary copper resource, and the holders keep the price, so the factories are not easy to get the bargain!  In conclusion, the current businessmen of copper market are still optimistic about the cooper price in a short time.

 

Aluminum

Today, the price of aluminum keeps slight decreasing in Foshan market, in a short time the trend will keep weak. Until last weekend, the aluminum total stock of national 8 main regions decreased to 1280000ton. The main reason is that the low price of the aluminum attracts the factories to hunt the bargain and promote the trading quantity. With the Chinese New Year holiday coming, the demand is lower and the aluminum price has a limited space to increase.

 

Zinc

Today the price of zinc is vibrate in Foshan market, the wait-and-see attitude is not changed.  With the Chinese New Year holiday coming, the factories using zinc will be closed for holiday, so the demand will be decrease. And the buyers are afraid of the price decrease, so they are very cautious about purchasing, only buy what they need. The situation of high premium stage restrains the trading enthusiasm, and the traders keep the low-stock operation to wait the best time for replenishment.

 

Stainless steel

Today the trading of the wasted stainless steel continues with smooth price in Foshan market. Currently the price recovery of nickel improves the situation of wasted stainless steel, but the steel factories do not want to replenish now after the earlier time’s purchasing, so the ordering quantity are decreased and the recyclers are more careful, the whole improvement of the ordering quantity is limited. (Source: Lingtong Metal Information)

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