Metal Scrap Performance in China
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Metal scraps performances in Foshan market on April 24
2025-4-24
Copper: The spot copper price in Foshan market is stable today, and trading continues to be cautious. Although the current trade situation between China and the United States shows signs of easing, there are still many uncertain factors in the short term based on Trump's reneging style. Therefore, in order to guard against risks, funds have many profitable operations after the sharp rise in copper prices, and copper prices have fallen under pressure. At present, the tight supply pattern of domestic copper market has not changed, the supply of recycled copper continues to be in short supply, and the price difference between refined copper and waste has reached the limit level, accelerating the consumption of electrolytic copper. At present, the social inventory of electrolytic copper in China continues to go to the warehouse steadily, and the sellers are reluctant to sell it to raise the premium, so the transaction is deadlocked. Short-term copper prices may maintain range volatility and pay attention to the evolution of the global trade situation.
Aluminum: Today, the price of aluminum in Foshan market continues to rise slightly. On the surface, the tariff situation between China and the United States has eased, the price of superimposed alumina tends to be stable, the funds are slightly more aluminum market, and SHFE aluminum is close to the 20,000 mark again, which supports the steady and small increase in the current aluminum price. At present, the country has continuously introduced measures to promote consumption, or will ease some export pressures, and the May Day holiday is approaching, and users will purchase on demand.
Zinc: Trump's statement on tariffs and Powell eased the risk aversion of the market, and the price of zinc continued to rise. However, buyers in the zinc market prepared more materials on dips in the early stage. At present, faced with the continuous rise of zinc prices, the willingness to receive goods at a high level is not strong, and spot trading is weakening. At present, the uncertainty of the tariff game between China and the United States still exists, and the market is worried about the weakening of consumption in the after-market, and the increase in zinc prices may be limited.
Stainless Steel: China, the United States and tariff war are troubled by foreign trade orders, and the stainless steel processing and manufacturing industry chain has been greatly affected. The downward pressure on the market is great, and the price of steel strip is constantly falling, which has dragged down the confidence of scrap trading. The traders are generally not optimistic about the after-market. In addition, large steel mills are firm in lowering the purchase price, and the overall situation is once again in a depressed atmosphere. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market continues to rise slightly. On the surface, the tariff situation between China and the United States has eased, the price of superimposed alumina tends to be stable, the funds are slightly more aluminum market, and SHFE aluminum is close to the 20,000 mark again, which supports the steady and small increase in the current aluminum price. At present, the country has continuously introduced measures to promote consumption, or will ease some export pressures, and the May Day holiday is approaching, and users will purchase on demand.
Zinc: Trump's statement on tariffs and Powell eased the risk aversion of the market, and the price of zinc continued to rise. However, buyers in the zinc market prepared more materials on dips in the early stage. At present, faced with the continuous rise of zinc prices, the willingness to receive goods at a high level is not strong, and spot trading is weakening. At present, the uncertainty of the tariff game between China and the United States still exists, and the market is worried about the weakening of consumption in the after-market, and the increase in zinc prices may be limited.
Stainless Steel: China, the United States and tariff war are troubled by foreign trade orders, and the stainless steel processing and manufacturing industry chain has been greatly affected. The downward pressure on the market is great, and the price of steel strip is constantly falling, which has dragged down the confidence of scrap trading. The traders are generally not optimistic about the after-market. In addition, large steel mills are firm in lowering the purchase price, and the overall situation is once again in a depressed atmosphere. (Analyzed by LTIT)
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