Copper:

Today, the recycled copper price in Foshan market has dropped slightly, and the market trading tends to be cautious. At present, the copper market is strong outside and weak inside. Overnight, LME copper hit US$ 6,800 stimulated by strong demand from China, but domestic SHFE copper coincided with the delivery date, and declined slightly instead of rising under the strong suppression of RMB. Although the market has high expectations for "Golden September and Silver October", the phenomenon of "not prosperous in the peak season" in copper market transactions is quite prominent at present. It is expected that the short-term copper price will remain high and fluctuate. According to copper manufacturers, the current order quantity has not changed much, and the sales of finished products are not good. At the current high price, it is still cautious to wait and see. At present, the domestic supply of recycled copper is still relatively small, which may benefit the consumption of electrolytic copper. The market pays attention to the new policy of importing recycled copper.

Aluminum: Today, the aluminum price in Foshan market has not changed much, and the trend is relatively stable. The large increase of the aluminum price in monthly exchange is close to that in the month, which eliminates some risks, but the strength of RMB also suppresses the price trend. Affected by factors such as tightening liquidity of quarterly settlement and weak orders, the trading in aluminum market is relatively dull recently, and the market expects that the fluctuation range of short-term aluminum price will not be too large.

Zinc: Today, the price of zinc in Foshan market rose slightly, but the increase slowed down. The sharp appreciation of RMB suppressed the domestic zinc price, and with delivery approaching, the market supply decreased slightly. However, the downstream manufacturers waited and saw to purchase on demand, and the spot demand limited the trading volume, and the overall trading volume of the market dropped yesterday.

Stainless Steel: Today, the price of waste stainless steel in Foshan market has further increased. Nickel prices continued to rebound, stainless steel market keeps "running after rising and falling", 304 steel strip manufacturers continued to increase, and the transaction price rose in disorder. In addition, the waste market continued to be active, and the transaction bargaining rose slightly, but the cargo holders were reluctant to sell the inventory. (Source: Lingtong Metal Information)