Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 4
2025-6-4
Copper: Today, the copper price in Foshan market rose slightly, and trading remained cautious. Recently, the copper market as a whole is in a dilemma, with a strong sense of market risk prevention, and the copper futures in May continued to consolidate within a narrow range. After entering June, the US debt risk, the Fed's interest rate decision and the US tariff changes will all affect the sensitive nerves of the commodity market, and copper prices may continue to fluctuate. At present, the copper market is intertwined with long and short positions. On the one hand, low inventory brings support to copper prices. At present, LME copper inventory has been reduced to 143,850 tons, the lowest level in the past year. On the other hand, the traditional off-season and tariff chaos may continue to suppress demand. In the short term, the long-short confrontation, copper prices may continue to consolidate in a narrow range in the current range, and LME copper is expected to rise and fall around $9,500.
Aluminum: Today, the price of aluminum in Foshan market stopped falling and rebounded, and SHFE aluminum returned above the 20,000 mark, which brought positive emotions to the current aluminum market. However, after entering the traditional off-season, the demand in the aluminum market continued to weaken due to the impact of the tense trade situation. Most aluminum companies reported a reduction in orders, so the purchase was still based on demand, and the transaction volume was limited. Short-term aluminum prices may be dominated by weak shocks.
Zinc: zinc has broken through difficulties, and traders are generally active in shipping. In view of the cautious performance of downstream zinc manufacturers, they mainly purchase according to orders, and the market supply and demand sides are deadlocked, with few market transactions and average overall transactions. Macro-expectations and supply-side disturbances triggered short-term support, and the traditional off-season demand weakened, and the zinc price volatility was expected to be weak in the after-market.
Stainless Steel: Stainless steel futures were boosted by the positive macro news, and the market stopped falling and rose, but the spot market was still in a downturn, and the price reduction and exchange of steel strips were still not ideal. When the price of finished products goes down step by step, steel mills have to turn to reducing the cost of raw materials, and the scrap industry is led by manufacturers all over the place, and the trading situation maintains the downward trend. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market stopped falling and rebounded, and SHFE aluminum returned above the 20,000 mark, which brought positive emotions to the current aluminum market. However, after entering the traditional off-season, the demand in the aluminum market continued to weaken due to the impact of the tense trade situation. Most aluminum companies reported a reduction in orders, so the purchase was still based on demand, and the transaction volume was limited. Short-term aluminum prices may be dominated by weak shocks.
Zinc: zinc has broken through difficulties, and traders are generally active in shipping. In view of the cautious performance of downstream zinc manufacturers, they mainly purchase according to orders, and the market supply and demand sides are deadlocked, with few market transactions and average overall transactions. Macro-expectations and supply-side disturbances triggered short-term support, and the traditional off-season demand weakened, and the zinc price volatility was expected to be weak in the after-market.
Stainless Steel: Stainless steel futures were boosted by the positive macro news, and the market stopped falling and rose, but the spot market was still in a downturn, and the price reduction and exchange of steel strips were still not ideal. When the price of finished products goes down step by step, steel mills have to turn to reducing the cost of raw materials, and the scrap industry is led by manufacturers all over the place, and the trading situation maintains the downward trend. (for reference only)
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