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Metal scraps performances in Foshan market on March 20
2019-3-20

Copper:

Today, the price of electrolytic copper in Foshan market is stable. On the eve of the Fed's interest rate negotiations, the market attitude remains cautious.Spot copper prices have risen dramatically after delivery in Shanghai. 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 the volume of trade is difficult to enlarge.Because there is a big price difference between electrolytic copper and recycled copper, the current recycled copper holders in the situation of continuous shortage of supply, a strong mentality to sell, strong price, trading volume is limited.

 

Aluminum:

Aluminum prices continue to rise slightly in Foshan Market today, with strong fluctuations.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 was implemented on April 1. Most of the current manufacturers slowed down their shipments. Recently, the market supply has decreased, supporting the price of aluminium not to fall but to rise. At present, the current aluminium industry has maintained a high water level.

 

Zinc:

Today, the price of zinc in Foshan market has risen slightly, the scope of spot water increase has been narrowed, smelters maintain a positive attitude to shipment, but traders and downstream zinc manufacturers are very cautious in receiving goods.Some traders reflected that after the rise in zinc prices, especially after the rise of water, the purchase of goods from the downstream factories was obviously cautious, and the overall market demand remained unchanged.

 

Stainless steel:

As nickel prices stop falling and rise again, the prices of stainless steel products have also stabilized, and the worries of the scrap stainless steel market have obviously weakened. Some recycling traders have taken the initiative to increase their price purchases.At present, there are not many scrap stainless steel products available for trading on the market, and the mindset of sellers is still strong, which forms a certain anti-drop support for prices. (Source: Lingtong Metal Information)

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