Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 5
2025-6-5
Copper: Today, the copper price in Foshan market is stable, and trading continues to be cautious. Although the weakening of the US dollar and the continuous decline of LME copper stocks have supported the short-term copper price, the trade tariff game has intensified and the market sentiment has been repeated, which has put pressure on the short-term copper price trend. With negative news, short-term copper prices are still dominated by narrow fluctuations. At present, LME copper maintains a narrow consolidation above $9,600, and the main contract of SHFE copper remains above $78,000. LME copper price also benefits from the continuous outflow from its registered warehouse. On Wednesday, LME copper stocks decreased by 2,500 tons, or 1.74%, to 141,350 tons, a nearly one-year low. The social inventory of SHFE copper on Monday increased by 16,000 tons compared with last Thursday, reflecting that high copper prices and off-season have led to a significant weakening of demand.
Aluminum: Today, the price of aluminum in Foshan market has not changed much, and SHFE aluminum continues to fluctuate within a narrow range above the 20,000 mark. The traders are worried that there are still many uncertainties in tariff trade. Can the price of aluminum remain at the 20,000 mark? After entering the traditional off-season, the demand of aluminum market continued to weaken due to the influence of the tense trade situation. Most aluminum companies reported that orders were reduced and merchants were cautious in purchasing.
Zinc: The price of zinc dropped slightly today. Middlemen and traders are worried about the trend of zinc market in the future. There are still not many purchases. The traders have insufficient confidence in the after-market. The purchasing intention of materials manufacturers is not strong. Most of them maintain on-demand procurement, and the overall transaction is relatively average.
Stainless Steel: With the lack of positive news, the rally of stainless steel futures is weak, the spot market performance is even worse, the demand for processing orders is insufficient in the off-season, the price of steel strip is easy to fall and difficult to rise, and the waste is also doomed. The buyers in the industry keep a low price mentality and the transaction price continues to fall. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market has not changed much, and SHFE aluminum continues to fluctuate within a narrow range above the 20,000 mark. The traders are worried that there are still many uncertainties in tariff trade. Can the price of aluminum remain at the 20,000 mark? After entering the traditional off-season, the demand of aluminum market continued to weaken due to the influence of the tense trade situation. Most aluminum companies reported that orders were reduced and merchants were cautious in purchasing.
Zinc: The price of zinc dropped slightly today. Middlemen and traders are worried about the trend of zinc market in the future. There are still not many purchases. The traders have insufficient confidence in the after-market. The purchasing intention of materials manufacturers is not strong. Most of them maintain on-demand procurement, and the overall transaction is relatively average.
Stainless Steel: With the lack of positive news, the rally of stainless steel futures is weak, the spot market performance is even worse, the demand for processing orders is insufficient in the off-season, the price of steel strip is easy to fall and difficult to rise, and the waste is also doomed. The buyers in the industry keep a low price mentality and the transaction price continues to fall. (for reference only)
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