Metal Scrap Performance in China
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Metal scraps performances in Foshan market on June 16
2025-6-16
Copper: Today, the copper price in Foshan market is stable, the decline has eased, and the market trading sentiment is still cautious. This week, the market will usher in the Federal Reserve's interest rate decision, risk appetite will continue to be under pressure, and industrial metal demand is expected to drop. However, domestic policies have released positive signals, and infrastructure investment has accelerated the formation of physical workload, providing basic support for copper consumption. It is worth noting that the social inventory of SHFE copper reappeared last week, with Zhou Du dropping 5,461 tons to 101,943 tons, down 5.08% from the previous month, and the inventory level was at a low level for more than four months. The superimposed copper price callback stimulated the downstream bargain hunting, and the technical and fundamental aspects formed double support. It is expected that the current copper decline will be limited today, and the market is in a long-short game situation, and the interval shock is still the main theme.
Aluminum: Today, the price of aluminum in Foshan market dropped slightly. Last week, the price of aluminum was under pressure after it rose continuously. Fundamentally speaking, the actual consumption is still mainly weakening, but the extent of aluminum ingots going to the warehouse continues to exceed expectations. At present, the inventory has not yet been realized, and the actual consumption is weakening. It is expected that with the gradual realization of the inventory, the speed of going to the warehouse will slow down in the middle and late June, but the trend of going to the warehouse can still be maintained.
Zinc: The weak operation of zinc price continues to decline, and the market is on the sidelines. Traders are more cautious in receiving goods, and most of them make inquiries after receiving orders. Downstream manufacturers are even more worried about the price of zinc in the after-market, mostly on the sidelines, with low purchasing enthusiasm and general transactions. Geopolitical risks in the Middle East have intensified, and it is expected that the after-market will remain weak and volatile.
Stainless Steel: LME nickel fluctuated and approached the $15,000 mark. Stainless steel futures rallied weakly, the spot market was not confident enough, and the trading performance was calm. The manufacturers in the waste industry basically purchased according to their needs, and the goods received were generally stable, and the supply transactions were scattered. At present, there is a lack of demand in the off-season, and stainless steel lacks the driving force for rebound. It is expected that the market will remain in a low range. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market dropped slightly. Last week, the price of aluminum was under pressure after it rose continuously. Fundamentally speaking, the actual consumption is still mainly weakening, but the extent of aluminum ingots going to the warehouse continues to exceed expectations. At present, the inventory has not yet been realized, and the actual consumption is weakening. It is expected that with the gradual realization of the inventory, the speed of going to the warehouse will slow down in the middle and late June, but the trend of going to the warehouse can still be maintained.
Zinc: The weak operation of zinc price continues to decline, and the market is on the sidelines. Traders are more cautious in receiving goods, and most of them make inquiries after receiving orders. Downstream manufacturers are even more worried about the price of zinc in the after-market, mostly on the sidelines, with low purchasing enthusiasm and general transactions. Geopolitical risks in the Middle East have intensified, and it is expected that the after-market will remain weak and volatile.
Stainless Steel: LME nickel fluctuated and approached the $15,000 mark. Stainless steel futures rallied weakly, the spot market was not confident enough, and the trading performance was calm. The manufacturers in the waste industry basically purchased according to their needs, and the goods received were generally stable, and the supply transactions were scattered. At present, there is a lack of demand in the off-season, and stainless steel lacks the driving force for rebound. It is expected that the market will remain in a low range. (for reference only)
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