Copper:

Today, the recycled copper price in Foshan market fell further, and this week's trend fluctuated weakly. Now the copper market is more cautious in trading. Under pressure, the US dollar index rebounded, and both domestic and international copper futures prices fell, putting pressure on the trend of spot copper prices. Although it has entered September, the copper market is not prosperous in the peak season, and there is no obvious sign of improvement in demand. In addition, copper manufacturers and traders are more cautious in purchasing goods, mainly on demand. However, at present, the supply of recycled copper in China continues to be tight, and the mentality of holding goods is relatively strong, which forms a certain anti-falling support for the price of recycled copper. At present, the inventory of electrolytic copper in Guangdong market has not changed much, and remains at around 87,000 tons. The market expects that the short-term copper price will continue to fluctuate at a high level.

Aluminum: Today, the price of aluminum in Foshan market is stable. After the change, the monthly aluminum will continue to fluctuate around 14500, and most of the aluminum demanders will continue to purchase on demand, so as to prevent the risk brought by the spot aluminum price to the rising water of the future aluminum. It is expected that the short-term aluminum price trend will not fluctuate too much. Short-term attention to the impact of tight liquidity at the end of the quarter on aluminum market transactions.

Zinc: Today, the zinc price in Foshan market declined slightly, and the short-term trend is still weak. Traders' enthusiasm for entering the market is generally not high, and the downstream has an empty attitude towards the market outlook, and the inquiry on dips is active, but the procurement is still limited, and the overall transaction is slightly light.

Stainless Steel: The price of waste stainless steel in Foshan market continues to fall today. Nickel prices turned down, and stainless steel futures fell, causing worries in the spot steel strip market, and the transaction was even more depressed. Therefore, the scrap industry has also turned to a cautious atmosphere, with manufacturers receiving goods at lower prices and short-term market conditions running weakly. (Source: Lingtong Metal Information)