Aluminum: Today, the aluminum price in Foshan market continues to rise, and this week's trend is optimistic. The opening of the speculation window of the two domestic conferences has enhanced the market risk appetite and provided impetus for the strength of metal prices. Fundamentally, the aluminum bar market took the lead in opening the destocking process, one week earlier than the same period last year, which provided confidence support for the recovery of consumption. It is expected that the short-term aluminum price trend will fluctuate strongly.
Zinc: The price of zinc fluctuates strongly, and the market has a strong wait-and-see atmosphere. Traders are more cautious in receiving goods, and basically maintain low inventory operations. Downstream manufacturers are worried about the after-market, and most of them wait and see, and their purchasing enthusiasm is not high, and the transaction has not changed much. As the two sessions approach, the market expects the stimulus policy to be overweight, downstream enterprises will resume work one after another, and zinc prices may continue to rebound under the improvement of cost support and consumption.
Stainless Steel: LME nickel rose strongly to a three-month high, and SHFE nickel gradually approached the 140,000 mark. Also, the price of ferronickel rose, and the cost side support of stainless steel increased, but the demand side still did not improve. The rise of stainless steel futures slowed down, and the spot was flexible to facilitate the delivery. In the scrap market, the asking price of the holders shouted up, the manufacturers remained cautious in purchasing, and the transactions between the two sides were deadlocked. (Analyzed by LTIT)
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