Aluminum: Today, the price of aluminum in Foshan market continues to rise slightly, and the overall trend is still strong. In the short term, the pressure of aluminum supply is not obvious, which is good for aluminum prices. At the same time, the demand prospect of aluminum market is still optimistic, and it is expected that the demand in the peak season of "Golden March and Silver April" will keep growing. The aluminum processing enterprises in the middle reaches gradually resumed their work, and the price of LME aluminum rose due to the double support of rising aluminum and rising oil prices.
Zinc: The price of zinc dropped slightly. Traders and middlemen were not active, and most of them remained cautious. In order to reduce risks and maintain low storage, the demand of manufacturers was weak and the follow-up was insufficient. The two sides were deadlocked and the market transactions did not change much.
Stainless Steel: LME nickel fell to a new low this month, stainless steel futures continued to decline under pressure, the spot market was bearish, the price of steel strip was lowered one after another, the purchase price of molten steel in steel mills was also lowered, and it was difficult to sustain the low price of scrap goods. The manufacturers in the industry took turns to depress the price, which lowered the market. (Analyzed by LTIT)
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