Metal Scrap Performance in China
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Metal scraps performances in Foshan market on May 20
2025-5-20
Copper: Today, the copper price in Foshan stopped falling and rebounded, but the increase was still small, and the market trading sentiment continued to be cautious. Sino-US trade negotiations have made good progress, but the tariff level is still high, long-term economic worries still exist, the US economic data has weakened, and the macro mood is hardly optimistic. In industry, the supply of copper raw materials remains tight, but the marginal decline of copper concentrate roughing fee weakens the support of copper price, and the high basis is expected to curb spot demand, so the short-term rebound space of copper price may be limited. At present, it has entered the off-season of seasonal demand, and the downstream demand of domestic copper has shown a certain decline. Domestic stocks have accumulated during the week, and domestic bearish sentiment has risen, making purchases more cautious. At present, the profit-making mentality of cargo holders is strong, the premium of electrolytic copper is narrowed, and the short-term copper price may continue to fluctuate.
Aluminum: Today, the price of aluminum in Foshan market has not changed much, and market transactions continue to be cautious. Recently, the price of aluminum has been falling successively. Due to the increase of inventory and the increase of China's output, the change of market supply and demand has triggered speculation on the future price trend. Domestic aluminum prices fluctuated weakly, but remained above 20,000 yuan, and alumina prices rebounded sharply, which provided cost support for aluminum prices and eased the decline.
Zinc: Today, the price of zinc is stable, and the market has a strong fear of falling. Traders are extremely cautious in receiving goods. Most of them make inquiries after receiving orders. Downstream manufacturers hesitate about the future direction of zinc prices, and wait and see to purchase on demand. The overall market transactions have not changed much.
Stainless Steel: Stainless steel futures continued to fluctuate and fall back, and the disk fell below the 13,000 mark, which suppressed the trading confidence in the spot market. The dark drop in the price of steel strip contributed to the transaction, and the operators in the scrap industry kept the price down, and the manufacturers' receipts were lowered one after another, and the overall transaction price continued to fall. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market has not changed much, and market transactions continue to be cautious. Recently, the price of aluminum has been falling successively. Due to the increase of inventory and the increase of China's output, the change of market supply and demand has triggered speculation on the future price trend. Domestic aluminum prices fluctuated weakly, but remained above 20,000 yuan, and alumina prices rebounded sharply, which provided cost support for aluminum prices and eased the decline.
Zinc: Today, the price of zinc is stable, and the market has a strong fear of falling. Traders are extremely cautious in receiving goods. Most of them make inquiries after receiving orders. Downstream manufacturers hesitate about the future direction of zinc prices, and wait and see to purchase on demand. The overall market transactions have not changed much.
Stainless Steel: Stainless steel futures continued to fluctuate and fall back, and the disk fell below the 13,000 mark, which suppressed the trading confidence in the spot market. The dark drop in the price of steel strip contributed to the transaction, and the operators in the scrap industry kept the price down, and the manufacturers' receipts were lowered one after another, and the overall transaction price continued to fall. (for reference only)
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