Copper:

Today, the price of recycled copper in Foshan market fell slightly. At present, copper is still fluctuating at a high level, and the direction is unpredictable for the time being. Moreover, it is generally predicted in the former market that copper prices may still continue to fall back after August. Therefore, manufacturers and traders are not active in purchasing goods, and they still focus on digesting stocks. They are very cautious in purchasing goods and have limited improvement in transactions. Compared with electrolytic copper, the decline of recycled copper is relatively limited, and the asking price is still firm when the supply of goods is in short supply. It has already entered August, but the new policy of importing recycled copper has not been officially implemented. The future import policy of recycled copper is still the focus of market attention. For the copper market, the analysis shows that the economic outlook is still uncertain and is still in the off-season, the downstream demand is weak, and the upward momentum of copper price is weak.

Aluminum: Today, the aluminum price in Foshan market fell slightly. Most of the users mainly purchase goods or prepare materials in small quantities. Most of the goods holders are priced and shipped under the impact of imported goods; At present, the international political factors and risk aversion of funds are high, and the funds are mainly short-term operation. It is expected that the short-term aluminum price will move repeatedly, but the fluctuation range will not be too large.

Zinc: Today, the zinc price in Foshan market is stable. Market supply increased slightly, zinc terminal demand decreased obviously, manufacturers' orders decreased, purchase intention remained weak, poor consumption hindered zinc price increase, and market transactions were weak. In recent days, the zinc price has accumulated a certain increase, and there may be a short-term downward adjustment in the short term, while the overall direction is still bullish.

Stainless Steel: Today, the price of waste stainless steel in Foshan market still keeps a slight upward trend, because the nickel price rises strongly. At present, the atmosphere of price increase in the market has reached a climax, with the price of 304 steel strip rising by 150-200 yuan/ton in one day, and the psychology of buying up and not buying down is obvious. Scrap trading also closely followed up, and the scrap market in the market outlook is likely to continue to break through upwards. (Source: Lingtong Metal Information)