Copper:

Today, in the Foshan market, the copper price rises sharply, but the trading and investment in the market are prudent. Because the influences that copper market demand gets better in the peak season and high premium caused by the tight supply of reclaimed copper and so on, electrolytic copper is accelerated to digest, in Guangdong, several large storages’ electrolytic copper stocks falls from 50,000 tons in March to less than 20,000 tons at present, supporting the spot electrolytic copper price, so goods holders raise the premium to quota.  In the aspect of the import of reclaimed copper, according to the tenth batch of restrictions on the import of solid wastes released yesterday, related copper scraps enterprises approval batch is 125,700 tons, this single approval batch hits a new high this year after the last high, but granted locations are still concentrated in Zhejiang, and it is not involved in Guangdong, the situation of building factories abroad is focused on in the later market.

Aluminum:

Today, in the Foshan market, the aluminum price rises sharply, but the external strong and internal weak situation is still outstanding. Facing the consecutive rise of the current aluminum price, downstream zinc-use factories are prudent to receive goods, and worry the zinc price in the short term will correct. The market believes, after heating season, the electrolytic aluminum enterprises will gradually resume the production, while the rebound of the aluminum price also benefits aluminum factories to put into production, and domestic inventory pressure in the future aluminum market is still heavy.

Zinc:

Today, in the Foshan market, the zinc price rises sharply, goods holders actively sell goods, but downstream users mostly choose to wait and see as well as inquire, thus the actual trading volume in the market is limited. Currently, the zinc market demand has not much improvement, the zinc price has accumulated a large rebound amplitude since this week, and dealers worry the zine price will appear periodic high correction. 

Stainless steel:

Today, in the Foshan market, the stainless steel price rise amplitude is enlarged, which is prompted by nickel. Steel factories raise the product quotation as the soar of the nickel price and the benefits of steel factories cut down to overhaul, promoting the stainless steel scraps price rises roundly, and the atmosphere of market trading is obviously active. Today’s stainless steel market atmosphere of pursuit rise is enhanced obviously. (Source: Lingtong Metal Information)