Copper:

Today, the price of recycled copper in Foshan market fell slightly, and the cautious mood in the market increased. At present, the Sino-US trade relations are complicated and confusing. The decline of Shanghai Stock Exchange and prudent capital operation put pressure on the copper price. LME copper showed a slight decline trend. SHFE copper also tested below 47000. Electrolytic copper stocks in Guangdong region rose slightly to over 60,000 tons due to the continued poor market demand, the highest level since May. More copper enterprises reported that due to the continuous shortage of domestic recycled copper supply and the long-term high price, the price difference with electrolytic copper is continuously narrowing, and the space is too little, they have to choose to increase the use of electrolytic copper, only because the order situation is not ideal, which greatly restricts the demand.

Aluminum:

The price of aluminum in Foshan market fell further today, and the cautious mood in the market rose sharply. At present, factories and enterprises are purchasing goods according to orders and slowly starting to withdraw funds, so as to prevent risks and reduce inventories to a low level. The trend of domestic real estate and environment worries the market and the overall market demand is decreased. However, if aluminum prices continue to fall, it is also easy to attract buyers to bottom out, looking forward to improvement.

Zinc:

Today, the price of zinc in Foshan market fell across the board. Traders were cautious in receiving the goods. Most of them maintained the operation of selling now and buying now and replenished their stocks at a low level. At present, the demand of downstream zinc producers continues to be decreased, and they are worried about the future of zinc. Most of them are cautious and wait-and-see. They are not enthusiastic about buying zinc and are unwilling to build a large stock of zinc ingots.

Stainless Steel:

Today, the price of waste stainless steel in Foshan market has stabilized, but the current market is still generally worried that there is still room for short-term nickel prices to fall. Today's stainless steel market is experiencing another price adjustment tide, and it is estimated that more steel mills will follow the pace of the adjustment. Scrap prices were hit by this, the trading atmosphere was chaotic, and buyers' receiving prices varied. (Source: Lingtong Metal Information)