Aluminum: Today, the aluminum price in Foshan market continued to fall, and the negative news superimposed on the demand weakened. This week, the aluminum price fell one after another. Recently, due to environmental protection and summer power cuts, the output of aluminum industry has decreased, and the demand for primary aluminum has also weakened. Recently, the inventory of aluminum ingots in Guangdong market has changed from a continuous decline to a slight increase, which may cause some pressure on short-term aluminum prices.
Zinc: Today, the price of zinc in Foshan market plummeted across the board, and the decline was worse than that in copper market. The price of goods holders is firm, the traders are cautious, the goods are actively purchased at every price drop, the demand is still lacking, the purchasing strategy of manufacturers on dips is unchanged, and the market trading atmosphere is good. There are frequent negative news at home and abroad, and the traders expect that the short-term zinc price will continue to be suppressed by the news.
Stainless Steel: Today, the price of stainless steel in Foshan market is resistant to decline. The current round of stainless steel market and the degree of decline are obviously controlled, and large steel mills bear the price and resist falling. In addition, the pressure on the waste market is gradually released, and the supply side of goods is still the support of output. There are few transactions of low-priced goods, and manufacturers are in a stalemate, so there is limited room for price decline. (Analyzed by LTIT)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!