Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 13
2025-6-13
Copper: Today, the copper price in Foshan market continued to drop slightly. This week, the trend continued to fluctuate weakly, the focus of trading moved down, and the cautious atmosphere in the market warmed up. In the news, the global tariff doubt has not dispersed. Although the US government is willing to extend the deadline of July 8, it will send a letter to the partner countries to explain the specific terms of the trade agreement. The trade situation is still uncertain, and its confidence in the capital market has been suppressed to some extent. From the industrial point of view, the supply of copper raw materials is relatively tight, but the marginal processing fee has stabilized, and the toughness of the consumer side has weakened, and the pressure above the copper price has increased. The decline of LME registered warehouse receipts and the high contract positions of Shanghai Copper in recent months have given strong support to the copper price. Under the interweaving of long and short positions, the short-term copper price is expected to fluctuate mainly at a high level.
Aluminum: Today, the price increase of aluminum in Foshan market slowed down, but SHFE aluminum remained on the strong side, with the price rising for three days, and the main contract reached a maximum of 20,510 yuan/ton. The domestic social stock of aluminum ingots has dropped from about 880,000 tons in March 2025 to about 450,000 tons at present, with a drop rate of nearly 50%. The decline in aluminum inventory benefited the aluminum price, but after the aluminum price rose sharply, merchants were cautious in purchasing.
Zinc: the price of zinc is weak, and most downstream manufacturers are cautious in purchasing goods, mainly on demand. The weak market transaction also drags down the enthusiasm of traders to receive goods to some extent, and the market transaction is average. Geopolitical risks in the Middle East have intensified, low inventory and mine-end disturbances have supported zinc prices, and weak demand has suppressed the rebound space. It is expected that the after-market will remain weak and volatile.
Stainless Steel: Stainless steel futures hit a low rally. Recently, the market has gradually formed an upward trend, and the decline in the spot market has slowed down. Merchants have intervened to take advantage of the low demand for stocking, which has supported the price of steel strip. Scrap is mainly traded at a stable price for the time being, and some active buyers have raised their inquiries. At present, the supply transaction is not smooth. (for reference only)
Aluminum: Today, the price increase of aluminum in Foshan market slowed down, but SHFE aluminum remained on the strong side, with the price rising for three days, and the main contract reached a maximum of 20,510 yuan/ton. The domestic social stock of aluminum ingots has dropped from about 880,000 tons in March 2025 to about 450,000 tons at present, with a drop rate of nearly 50%. The decline in aluminum inventory benefited the aluminum price, but after the aluminum price rose sharply, merchants were cautious in purchasing.
Zinc: the price of zinc is weak, and most downstream manufacturers are cautious in purchasing goods, mainly on demand. The weak market transaction also drags down the enthusiasm of traders to receive goods to some extent, and the market transaction is average. Geopolitical risks in the Middle East have intensified, low inventory and mine-end disturbances have supported zinc prices, and weak demand has suppressed the rebound space. It is expected that the after-market will remain weak and volatile.
Stainless Steel: Stainless steel futures hit a low rally. Recently, the market has gradually formed an upward trend, and the decline in the spot market has slowed down. Merchants have intervened to take advantage of the low demand for stocking, which has supported the price of steel strip. Scrap is mainly traded at a stable price for the time being, and some active buyers have raised their inquiries. At present, the supply transaction is not smooth. (for reference only)
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