Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on July 2
2025-7-2
Copper: Today, the copper price in Foshan market rose sharply, and SHFE copper rebounded actively, once approaching the integer mark of 81,000 yuan, which brought optimism to the spot copper market. China's rising manufacturing data and the weak dollar boosted the market's optimism about the demand outlook and stimulated buying. However, it should be noted that Commerzbank expects the copper price to drop to $9,500 per ton by the end of the year. Low inventory also constitutes support. The copper inventory in LME registered warehouse is currently 91,250 tons, which has decreased by 66% since mid-February. SHFE copper stock is 81,550 tons, which has also decreased by 66% since the beginning of March. The decline in LME inventory was also affected by Trump's threat to impose tariffs on imported copper, which pushed up the price of COMEX copper. Traders are still bullish on the after-market of copper.
Aluminum: Today, the price of aluminum in Foshan market continues to be stable, and the trend of SHFE aluminum fluctuates strongly, with the price rising for six days. However, Trump said that regardless of extending the date of trade negotiations, the market sentiment is cautious. Recently, aluminum ingots have continued to be small and tired, and in early July, they may see the turning point of tired warehouses. In the short term, the demand of aluminum market is still in the off-season, so we still need to be alert to the profit risk of high aluminum price.
Zinc: The price of zinc continues to be weak, and the market atmosphere is still strong. Traders are extremely cautious in receiving goods, and 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, and the market transaction is average. With the increase of tariff risk in the United States and the game between low zinc inventory and weak demand, it is expected that the after-market will remain weak and volatile.
Stainless Steel: The macro policy is digested rapidly, the performance of stainless steel futures is repeated, the implementation of steel mill production reduction is doubtful, and the combination of various factors has become the purpose of market speculation. At present, the cautious atmosphere in the spot market has not been removed, and the demand for steel belts is on the wait-and-see attitude, and the transaction has returned to a deadlock. In addition, the production cost of steel mills is upside down, and the scrap trading maintains the recent low-cost operation, and the market price is stable. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market continues to be stable, and the trend of SHFE aluminum fluctuates strongly, with the price rising for six days. However, Trump said that regardless of extending the date of trade negotiations, the market sentiment is cautious. Recently, aluminum ingots have continued to be small and tired, and in early July, they may see the turning point of tired warehouses. In the short term, the demand of aluminum market is still in the off-season, so we still need to be alert to the profit risk of high aluminum price.
Zinc: The price of zinc continues to be weak, and the market atmosphere is still strong. Traders are extremely cautious in receiving goods, and 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, and the market transaction is average. With the increase of tariff risk in the United States and the game between low zinc inventory and weak demand, it is expected that the after-market will remain weak and volatile.
Stainless Steel: The macro policy is digested rapidly, the performance of stainless steel futures is repeated, the implementation of steel mill production reduction is doubtful, and the combination of various factors has become the purpose of market speculation. At present, the cautious atmosphere in the spot market has not been removed, and the demand for steel belts is on the wait-and-see attitude, and the transaction has returned to a deadlock. In addition, the production cost of steel mills is upside down, and the scrap trading maintains the recent low-cost operation, and the market price is stable. (for reference only)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!
