Copper:

Today, in the Foshan market, the copper price falls slightly, the trend of fall after rise causes the market is more prudent, but the market is more focus on the import of metal scraps compared with correction of the high copper price. According to the Environmental Protection Agency's latest announcement, 16 types of solid scraps from recycle steel - based metal scraps appliances, recycle copper – based motor scraps (including motor scraps, electric wire scraps, cable scraps, and metal scraps appliances), recycle aluminum – based electric wire scraps (including electric wire scraps, cable scraps, and metal scraps appliances) and so on, which will transfer from “limited types” to “prohibited types” and carry on from 31, December, 2018. On the occasion, the domestic supply of the reclaimed copper will be tighter, and will the high premium situation become the normality? Currently, the domestic supply of the reclaimed copper is very tight, and electrolytic copper consumption is accelerating.

Aluminum:

Today, in the Foshan market, the aluminum price falls at the medium amplitude, and the large fluctuation greatly hits the market trading confidence. In the second quarter, the demand in the aluminum market obviously improve, but due to the sharp rise of the recent aluminum price, domestic aluminum ingot stocks is still in a high position, causing the downstream zinc-use factories and traders do not dare to pursue the rise rashly and are prudent to trade. Dealers anticipate that the aluminum price will return to the basic performance.

Zinc:

Today, in the Foshan market, the zinc price is change a little, and goods holders have strong intention to sell goods, but downstream users are mostly choose to wait and see as well as inquire, thus the actual trading volume is limited. At present, the demand in the zinc market does not have great improvement, but the zinc in the future appear the trend of fall after rise, and dealers worry the zinc price in the short term will fall, thus they do not hurry to replenish goods.

Stainless steel:

Today, in the Foshan market, the stainless steel price corrects slightly, due to the previous limited rise of the stainless steel price, the fall amplitude in this corrected process is relative small. Dealers believe that this hype that prompts the nickel price to rise is unsustainable, eventually, the nickel price will return to the rational level. However, the stainless steel price possibly has resistance to fall as the benefits that steel factories cut down to overhaul. (Source: Lingtong Metal Information)