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Metal scraps performances in Foshan market on March 19
2019-3-19

Copper:

On Today's Foshan Market , the price of electrolytic copper fell slightly, and the price of recycled copper also fell slightly under the pressure, the trading atmosphere in the market was cautious.Spot copper prices have risen dramatically due to the huge price difference of Shanghai Futures Copper after delivery on Monday, electrolytic copper in Shanghai has risen by more than 1,000 yuan, and electrolytic copper in Guangdong has risen by about 800 yuan.The stock of electrolytic copper in Guangdong market keeps increasing, and the traders are worried about the trend of short-term copper price. Therefore, the shippers have a positive attitude and take profits first. However, the downstream copper producers are still cautious in purchasing goods, mainly purchasing on demand, and it is difficult to enlarge the trading volume.At present, the market generally pays attention to the impact of tax reduction measures on the actual operation of the copper industry. In the long run, it is conducive to improve the profit environment of enterprises and reduce the burden of enterprises.

 

Aluminum: 

Aluminum prices in Foshan Market today have risen slightly.At present, spot aluminium social inventory has increased slightly again, which shows that the demand for aluminium has recovered slowly and the support for aluminium price is limited.Tax reduction will be implemented on April 1. At present, most manufacturers are slowing down shipments in exchange for tax incentives next month. Recently, the market supply has been reduced, and the price of aluminium has been strong, supporting the price of aluminium not to fall but to rise.

 

Zinc: 

On Today's Foshan Market, the performance of zinc price is stable, spot zinc price keeps rising, market sentiment is still strong, and the trend of zinc price in the future is worrying.At present, traders are still cautious in receiving goods, mostly maintaining low inventory operation. Generally, after receiving orders, they enter the market for prices and goods. The downstream manufacturers are weak in accepting high-rise water and mainly purchase on demand.

 

Stainless steel:

Nickel prices remain stable. Peripheral nickel prices stopped falling and rebounded, and returned to run above $13,000. Domestic nickel prices return to 100000 RMB. To some extent, it alleviated the worries of the domestic stainless steel market. However, the phenomenon of steel mill price depreciation still exists, but the holders are now reluctant to sell well, and the transaction is slightly deadlocked. (Source: Lingtong Metal Information)

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