Metal Scrap Performance in China
Current location: Home - Metal Scrap Performance in China
Metal scraps performances in Foshan market on January 24
2025-1-24
Copper: The spot copper price in Foshan market stopped falling and rallied today, and the trend fluctuated weakly this week. At present, the main contract of SHFE copper is running above 75,000 yuan, but the Spring Festival holiday is approaching, factories and enterprises are on holiday one after another, and the weakening demand in the copper market has limited price support. Some traders said that investors are trying to cope with the unpredictability of US tariff policy, and the imminent threat of retaliatory trade conflicts may seriously undermine market sentiment. Therefore, under the continuous influence of the uncertainty of US tariff policy, the trend of fundamental metals is mostly weak. With the approach of the Spring Festival holiday, domestic copper trading is becoming more and more cautious, and it is more common for factories and enterprises to stop working and have a holiday, and the market demand is obviously shrinking. At present, the inventory of electrolytic copper in the domestic market has increased.
Aluminum: Today, the price of aluminum in Foshan market rose slightly, and market transactions tended to be cautious. This week, the spot market has basically entered the holiday cycle, and only a small number of factories and enterprises are making final preparations to cover their positions. The market is more concerned about whether Trump will make a move during the Spring Festival holiday, and whether more economic stimulus measures will be introduced in China. At present, the traders still have optimistic expectations for the post-holiday market and look forward to a good start.
Zinc: Today, the price of zinc in Foshan market rose slightly, and the market entered a holiday mode in an all-round way. Traders and downstream zinc manufacturers were closed, and the market transactions were stagnant and the transactions were very deserted. The recent trend of SHFE zinc is mainly dominated by internal and external macro-emotional fluctuations. Overseas Trump's concerns continue, domestic post-holiday consumption recovery concerns increase, SHFE zinc has insufficient upward momentum, and the current zinc fluctuation is limited.
Stainless Steel: As the Spring Festival holiday approached, nickel and stainless steel futures continued to decline, and the spot market began to enter a holiday state. The quotation of steel strip and scrap was basically suspended, and the overall price transitioned smoothly, and the market opened a "valuable but no market" mode. (Analyzed by LTIT)
Aluminum: Today, the price of aluminum in Foshan market rose slightly, and market transactions tended to be cautious. This week, the spot market has basically entered the holiday cycle, and only a small number of factories and enterprises are making final preparations to cover their positions. The market is more concerned about whether Trump will make a move during the Spring Festival holiday, and whether more economic stimulus measures will be introduced in China. At present, the traders still have optimistic expectations for the post-holiday market and look forward to a good start.
Zinc: Today, the price of zinc in Foshan market rose slightly, and the market entered a holiday mode in an all-round way. Traders and downstream zinc manufacturers were closed, and the market transactions were stagnant and the transactions were very deserted. The recent trend of SHFE zinc is mainly dominated by internal and external macro-emotional fluctuations. Overseas Trump's concerns continue, domestic post-holiday consumption recovery concerns increase, SHFE zinc has insufficient upward momentum, and the current zinc fluctuation is limited.
Stainless Steel: As the Spring Festival holiday approached, nickel and stainless steel futures continued to decline, and the spot market began to enter a holiday state. The quotation of steel strip and scrap was basically suspended, and the overall price transitioned smoothly, and the market opened a "valuable but no market" mode. (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!
