Copper: Today, the renewable copper price in Foshan market continues to decline slightly. Its short-term trend is weak, mainly under the pressure of strong dollar. At present, the supply of recycled copper continues to be tight in China. The import of seven types of waste will be banned at the end of this year. The industry predicts that the supply of recycled copper will be more scarce next year. At present, many processing plants in Foshan market and Qingyuan market have been shut down or semi shut down. They are all waiting for the actual trend of the market after the implementation of the policy. There are also many businesses actively exploring domestic resources, some of which are entering the Southeast Asian market to find opportunities, but the supply is still quite limited. Due to the strain of recycled copper, many people who need copper turn to the field of electrolytic copper. At present, the stock of electrolytic copper storage in Guangdong continues to decline, and the price continues to rise.

Aluminum: The aluminum price of Foshan market is decreasing today, and the trend continues to be weak. Although the price of aluminum in SHFE dropped from above 15150 yuan at the end of August and the beginning of September to 13660 yuan at present, with a cumulative decline of nearly 1500 yuan, it is still difficult to attract the attention of bottom-copying funds. Aluminum manufacturers and traders are mainly purchasing on demand. However, the current price of aluminum is close to the cost price, and the industry predicts limited space for price decline.

Zinc: Today, the price of zinc in Foshan market has dropped, and it has come down again after a short rebound. At present, the speed of shipper shipments has slowed down slightly, while traders are still positive. However, most of the downstream manufacturers purchase cautiously, replenish at low prices and the volume of trading is still limited.

Stainless steel: Today, the stainless steel market in Foshan is weak and stable, falling to the current price level, and people are not confident. Most steel mills and recycling traders are cautiously wait-and-see and the transaction is sluggish. Recently, the supply of goods in the scrap market has been greatly reduced, and the buyer has been forcing prices down and holding the goods for sale. This situation is difficult to break in the short term, waiting for the guidance of nickel price. (Source: Lingtong Metal Information)