Aluminum: The price of aluminum in Foshan market rose slightly today. At present, the aluminum market is in the off-season, the downstream demand is weak, the market transaction is quiet, and the pace of receiving goods by traders is still slow, mainly focusing on discount purchase opportunities, and the response to other price changes is dull. Despite this, some downstream enterprises are still replenishing goods on dips to meet the demand of production and export orders, but the overall transaction situation is not good.
Zinc: The rising strength of zinc has slowed down, traders' shipping mentality is more positive, and the purchasing enthusiasm of downstream manufacturers is obviously insufficient. Most manufacturers still maintain a cautious wait-and-see attitude and purchase in small quantities, and most of the transactions are mainly between traders. Some smelters in Inner Mongolia, Gansu and other places have been overhauled and reduced production. In October, the sluggish real estate data dragged down consumption, and zinc remained volatile.
Stainless Steel: LME nickel saw another US$ 16,000, SHFE nickel and stainless steel futures rose, the spot market offered profits and promotions to encourage transactions, the cost support of raw materials nickel and iron decreased significantly, the confidence in the waste industry was insufficient, and manufacturers and buyers maintained a low price attitude. Short-term affected by macro market sentiment, the stainless steel market remained volatile, but the fundamental weakness remained negative. (Analyzed by LTIT)
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