Aluminum: Today, the aluminum price in Foshan market is stable, and the first-line support of SHFE aluminum is still strong at 20,000 yuan. Traders expect that the aluminum price will continue to fluctuate intensively in the short term. For most aluminum manufacturers, the current aluminum price is still on the high side, and the current quotation is unacceptable to the downstream, and the orders are obviously reduced. Therefore, the purchase is still on demand and the transaction volume is relatively limited.
Zinc: the price of zinc continued to rise slightly, and traders turned optimistic about the short-term zinc trend, and accordingly actively improved the purchase of goods. The purchasing intention of downstream materials manufacturers improved and the market transactions improved. At present, the market generally expects that the marginal repair space of terminal consumption still exists, which is expected to push up the space above SHFE zinc and drive the spot zinc price to rise further.
Stainless Steel: SHFE nickel opened higher and went higher, which brought confidence support to the domestic stainless steel market and the price rose accordingly. The sharp fall of the US dollar has pushed up the industrial metal market, and domestic smelters have entered the cycle of centralized maintenance and production reduction. The intensified losses of iron works have benefited ferronickel, the cost support price has risen, and the mood of buying on dips has improved. The after-market pays more attention to the transaction situation of steel strip. (Analyzed by LTIT)
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