Copper:

Today, the recycled copper price in Foshan market has risen slightly, and the recent trend is still dominated by narrow fluctuations. The sense of direction is still unclear. With the approaching of Spring Festival holiday and the influence of epidemic prevention and control, domestic copper demand is gradually weakening. In the absence of orders, copper manufacturers are cautious in purchasing goods, and still mainly purchase on demand, and some merchants buy goods at lower prices. However, at present, the inventory of electrolytic copper in Guangdong market is low, and the import cost of recycled copper is high and the arrival quantity is low. Most of the cargo holders are reluctant to sell at low prices, which brings support to the spot copper price. However, under the condition of weak supply and demand, the overall market transaction continues to be weak. For the market outlook, the traders are still bullish, but they are cautious about the recent trend of copper price, and the price forecast is still repeated.

Aluminum: Today, the price of aluminum in Foshan market is stable. Due to the influence of epidemic prevention and control, many aluminum factories have entered the holiday cycle ahead of schedule, and the weakening demand of aluminum market has put pressure on merchants' purchase mentality. Recently, aluminum prices have been consolidating in a narrow range, and factories and enterprises have been cautious in purchasing goods, basically maintaining the strategy of falling prices to make up positions and continuously rising and waiting to see. The overall trading volume of the market is limited, with short-term or narrow fluctuations as the mainstay.

Zinc: Today, the price of zinc in Foshan market rose slightly, but the market participants were afraid of falling, which affected their enthusiasm for purchasing goods to a certain extent. As the Spring Festival holiday gradually slows down, the overall market turnover is relatively dull. The overall trend of zinc is in a wide range of downward shocks. Without the support of China, the economic "engine", it is expected that the price of zinc will keep a weak trend of overall shocks.

Stainless Steel: Today, the price of stainless steel in Foshan market is stable. LME nickel continues to fluctuate at a high level, and it is still possible to continue to challenge the resistance level in the market outlook, and the price of stainless steel remains high. However, with the Spring Festival approaching, stainless steel manufacturers are gradually leaving the market, and the demand is shrinking, which leads to a stalemate in the waste market transactions, with most merchants receiving goods at lower prices. (Source: Lingtong Metal Information)