Metal Scrap Performance in China
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Metal scraps performances in Foshan market on May 23
2025-5-23
Copper: Today, the copper price in Foshan market has not changed much, and the market trading continues to be cautious. This week's copper continued to fluctuate in a range, which had limited support for spot copper prices. Entering the off-season of seasonal demand, the social inventory of electrolytic copper continues to rise, and the cautious mentality of the market heats up. With a strong profit-making mentality, cargo holders have actively shipped goods, and the electrolytic copper premium has been narrowing. However, copper manufacturers continue to purchase on demand when demand is weak, and most of them have the phenomenon of underpricing. Especially in the transaction of recycled copper, the holders have less inventory. In the case of underpricing, most of them are reluctant to sell at a high price, and the actual trading volume in the market is not much. On the whole, the copper price forms a new balance or balance between the current position and the short position, and the traders generally expect that the short-term copper price can still be treated with strong shocks.
Aluminum: Today, the price of aluminum in Foshan market is stable, and market transactions continue to be cautious. This week, the main contract of SHFE aluminum maintained a strong shock above 20,000 yuan, but the upward breakthrough momentum of the price was limited, and the support for the spot aluminum price was limited. At present, aluminum factories and enterprises generally report that orders have weakened since May, and they are still worried about the future trade situation, and the purchase is still based on demand.
Zinc: SHFE zinc keeps the Horizontal Price Movement, and traders are afraid of falling. Traders are cautious when receiving goods, and most of them make inquiries only after receiving orders. Downstream manufacturers are even more worried about the zinc prices in the after-market, and they mainly wait and see, and their purchasing enthusiasm is not high, and the overall market transactions have not changed much. Short-term zinc market demand lacks bright spots, and the future price center of gravity may move down slightly.
Stainless Steel: Stainless steel futures continued to rise slightly, but it still failed to boost the trading sentiment in the spot market. Due to the shortage of funds in the scrap industry, manufacturers were not interested in buying and selling, and generally traded at stable prices. At present, the nickel price is in a state of range fluctuation, the spot market demand is weak, and buyers are mainly on the sidelines. It is expected that the short-term market recovery will be weak. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market is stable, and market transactions continue to be cautious. This week, the main contract of SHFE aluminum maintained a strong shock above 20,000 yuan, but the upward breakthrough momentum of the price was limited, and the support for the spot aluminum price was limited. At present, aluminum factories and enterprises generally report that orders have weakened since May, and they are still worried about the future trade situation, and the purchase is still based on demand.
Zinc: SHFE zinc keeps the Horizontal Price Movement, and traders are afraid of falling. Traders are cautious when receiving goods, and most of them make inquiries only after receiving orders. Downstream manufacturers are even more worried about the zinc prices in the after-market, and they mainly wait and see, and their purchasing enthusiasm is not high, and the overall market transactions have not changed much. Short-term zinc market demand lacks bright spots, and the future price center of gravity may move down slightly.
Stainless Steel: Stainless steel futures continued to rise slightly, but it still failed to boost the trading sentiment in the spot market. Due to the shortage of funds in the scrap industry, manufacturers were not interested in buying and selling, and generally traded at stable prices. At present, the nickel price is in a state of range fluctuation, the spot market demand is weak, and buyers are mainly on the sidelines. It is expected that the short-term market recovery will be weak. (for reference only)
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