Aluminum: Today, the price of aluminum in Foshan market has risen in an all-round way, and the transaction has improved accordingly. It is generally expected that the demand in the aluminum market will continue to improve in the second quarter, and the enthusiasm of aluminum manufacturers for purchasing will be significantly improved. The national aluminum social inventory will drop slightly to 864,300 tons. However, due to the high aluminum price and the strong profit-making mentality of the holders, the spot aluminum ingots are still traded at a discount of over 100 yuan.
Zinc: Domestic favorable policies continued to be exported, and SHFE zinc rose, which stimulated the enthusiasm of market procurement, and downstream manufacturers went into the market to purchase stocks on dips. Recently, the news dominated the market, and the unstable price of zinc made some purchases still cautious. The market was dominated by small single transactions, and the overall market transactions continued to improve. Short-term attention to the exchange rate of the US dollar and RMB, and it is expected that zinc will fluctuate strongly in the short term.
Stainless Steel: The outer is closed for the Easter holiday, and there is no LME nickel guide. The rebound of domestic stainless steel futures fluctuates within a narrow range, and the spot market trading remains cautious. The scrap industry began to consider pre-holiday storage, and some manufacturers actively purchased, and the receiving price was raised from a low level. The after-market pays attention to the improvement of rigid demand, and stainless steel shows signs of rebound. (Analyzed by LTIT)
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