Copper: Today, the price of recycled copper in Foshan market fell slightly, and the copper price showed profit pressure after rising for nine consecutive days. However, the industry believes that the high callback of copper price is conducive to risk release. Recently, due to the continuous rise of copper prices, the copper market has been afraid of high prices, and the purchase volume has shrunk dramatically. This week, the situation of large premium before electrolytic copper was basically smoothed out, and some varieties of recycled copper even showed small premium, which showed that the market did not accept the continuous increase of copper price. According to the analysis, China factor, Chile's copper output affected and global rescue operation are all beneficial to copper, but short-term capital operation behavior will also limit its rising speed and range. It is expected that the short-term copper price trend will be slightly under pressure, but the general direction is still slightly stronger.

Aluminum: Today, the aluminum price in Foshan market is stable. This week, aluminum manufacturers have been paying attention to the operation of returning funds with a profit-making attitude, while cargo holders mostly ship at flat water or with a small discount; Judging from this week's small increase in the national social aluminum inventory, the market is waiting to see the recent continuous rebound, which leads to the mediocre performance of the overall market transactions.

Zinc: Today, the price of zinc in Foshan market is stable, the cargo holders are willing to deliver goods actively, and the downstream manufacturers have obvious wait-and-see attitude, most of which mainly focus on inquiry. In addition, the manufacturers are affected by few orders, and basically maintain purchasing on demand, which inhibits market transactions. In the short term, if there is no significant benefit, the downward adjustment of zinc price will continue, but the market outlook is still bullish.

Stainless Steel: Today, the price of waste stainless steel in Foshan market continues to be stable. Short-term nickel is favored by market funds, which should refresh the rebound high point. The continuous rise of peripheral nickel led to the recovery of domestic nickel market, and the enthusiasm of stainless steel scrap market for material preparation warmed up, and steel mills gradually restarted procurement, showing signs that the trading market was in reserve. (Source: Lingtong Metal Information)