Copper:

Recycled copper prices in Foshan today rose across the board, the market trading cautiously optimistic. Today coincides with the British Spring Bank Holiday, the LME closed day, the lack of external guidance, domestic copper prices rose relatively cautious. At present, there are signs of stabilizing demand in the domestic copper market, and the initial signs of stopping the decline and recovering after successive declines in copper prices have attracted many copper manufacturers and traders to enter the market for inquiry and questioning, but the peak season is coming to an end, and the demand persistence needs to be tested, and the later trade war may still have the possibility of repetition, fluctuation or intensification of copper prices. At present, because of the lack of import supplement, the supply of recycled copper is in short supply. Holders are generally reluctant to sell at the current price level, which promotes the acceleration of consumption of electrolytic copper, the continuous decline of inventory, and spot electrolytic copper to keep the quoted price of premium water.

Aluminum:

Aluminum prices in Foshan rose across the board today, with Henan Shenhuo caught on fire over the weekend and its 200, 000-ton production capacity facing shutdown, supporting the aluminium market in the current tight supply situation. Overall, the current aluminum market fundamentals still tend to be good. Future aluminum market game focus is after the end of the consumer season, new production capacity landing and reduced production capacity resumption rate.

Zinc:

Today Foshan market zinc prices rose slightly, the market wait-and-see atmosphere does not change. Recently, traders are still cautious in purchasing goods, basically maintaining a low inventory operation, mostly after receiving orders before inquiry. The downstream zinc manufacturers expressed concern about the short-term zinc market trends, mostly cautious wait-and-see, procurement enthusiasm is not high. Recent zinc market transactions have been mainly concentrated among traders.

Stainless steel:

Today Foshan market scrap stainless steel prices continue to rise, the market optimism has obviously heated up. On Friday, news of riots in Indonesia triggered a surge in nickel prices, fuelling an across-the-board rise in the price of scrap stainless steel. At present, the market bullish sentiment is obviously warming up, recycling traders have chased high receipts. (Source: Lingtong Metal Information)