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Metal scraps performances in Foshan market on June 6
2025-6-6
Copper: Today, the copper price in Foshan market rose slightly across the board, and trading continued to be cautious. The phone call between the first dollar of China and the United States has brought optimism to the market, but there are still many uncertainties in the trade tariff game, and the market sentiment is repeated, which may continue to put pressure on the copper price trend in the after-market. The imposition of tariffs on steel and aluminum has once again aroused concern about the ongoing copper import investigation in the United States, which may eventually lead to the imposition of new tariffs and suppress market sentiment. Trade tariffs have accelerated the large shift of copper stocks. LME copper stocks continued to decrease this week, and then decreased by 3,350 tons to 138,000 tons on Thursday, the lowest in the past year. So far this year, it has dropped by nearly half, which has supported the short-term copper price trend. Short-term copper prices may continue to fluctuate at a high level under the interweaving of long and short positions.
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: SHFE zinc remained in a narrow range, the monthly difference narrowed, the spot premium fell, some merchants entered the market to replenish their stocks, and the downstream manufacturers remained cautious in purchasing, basically maintaining the demand-based procurement. Zinc did not show a trend, and the fear of falling still enveloped the market, and the overall market transaction was average. The phone call between the first dollar of China and the United States did not stir up much waves in the market, and the zinc price is expected to remain volatile in the after-market.
Stainless Steel: The conversation between the first dollar of China and the United States boosted the optimism of the market, stainless steel futures gradually showed signs of stabilization, the atmosphere of spot price decline was eased, the scrap industry was cautious and wait-and-see attitude, the transaction was still hovering at a low price, and the market temporarily stopped falling. At present, stainless steel may usher in a low inflection point, expecting rigid demand to intervene and stimulating the overall recovery of scrap prices. (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: SHFE zinc remained in a narrow range, the monthly difference narrowed, the spot premium fell, some merchants entered the market to replenish their stocks, and the downstream manufacturers remained cautious in purchasing, basically maintaining the demand-based procurement. Zinc did not show a trend, and the fear of falling still enveloped the market, and the overall market transaction was average. The phone call between the first dollar of China and the United States did not stir up much waves in the market, and the zinc price is expected to remain volatile in the after-market.
Stainless Steel: The conversation between the first dollar of China and the United States boosted the optimism of the market, stainless steel futures gradually showed signs of stabilization, the atmosphere of spot price decline was eased, the scrap industry was cautious and wait-and-see attitude, the transaction was still hovering at a low price, and the market temporarily stopped falling. At present, stainless steel may usher in a low inflection point, expecting rigid demand to intervene and stimulating the overall recovery of scrap prices. (for reference only)
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