Metal Scrap Performance in China
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Metal scraps performances in Foshan market on July 3
2025-7-3
Copper: Today, the copper price in Foshan market is stable, and the market trading sentiment is cautious. This week's copper trend is more optimistic. SHFE copper continues to fluctuate at a high level after breaking through the 80,000 mark. LME copper is currently maintaining a narrow consolidation below 10,000 US dollars, waiting for more direction guidance. There are two main reasons for the recent rise in copper prices: First, the low inventory situation in markets outside the United States continues. LME and domestic social stocks of refined copper dropped to the historical lows of 90,000 tons and 120,000 tons respectively. Second, the output of copper raw materials increased less than expected in the first half of the year. In the first quarter, the global copper production increased by about 2.5%, which was lower than expected. Coupled with the influence of the "reciprocal tariff" policy, the export of American copper scrap was once blocked, which aggravated the imbalance between supply and demand of refined copper. Traders are still bullish on the copper after-market.
Aluminum: Today, the price of aluminum in Foshan market continues to be stable, and the trend of SHFE aluminum fluctuates strongly, with the price rising for seven days. At present, the United States tariff has re-entered the negotiation period, and the market is concerned about its repositioning of trade tariffs and measures. Moreover, the game between big countries will suddenly appear from time to time. The situation in the Middle East and the Russian-Ukrainian war have dominated the international market, with aluminum prices fluctuating mainly.
Zinc: The data of the United States was negative, and the weakening of the US dollar pushed up the price of zinc. Traders' enthusiasm for entering the market was generally not high, and the downstream was empty-minded about the after-market, and the bargain-hunting inquiry was positive, but the procurement was still limited, and most of them maintained on-demand procurement, and the overall transaction was slightly light.
Stainless Steel: The macro news is all positive, and the stainless steel futures are rising simultaneously, but the spot market is almost unresponsive, and the steel strip returns to the preferential delivery, and the demand is inclined to the low-priced end. In addition, the scrap market is still standing still, manufacturers lack the willingness to follow up, and the traders are reluctant to sell at a low price. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market continues to be stable, and the trend of SHFE aluminum fluctuates strongly, with the price rising for seven days. At present, the United States tariff has re-entered the negotiation period, and the market is concerned about its repositioning of trade tariffs and measures. Moreover, the game between big countries will suddenly appear from time to time. The situation in the Middle East and the Russian-Ukrainian war have dominated the international market, with aluminum prices fluctuating mainly.
Zinc: The data of the United States was negative, and the weakening of the US dollar pushed up the price of zinc. Traders' enthusiasm for entering the market was generally not high, and the downstream was empty-minded about the after-market, and the bargain-hunting inquiry was positive, but the procurement was still limited, and most of them maintained on-demand procurement, and the overall transaction was slightly light.
Stainless Steel: The macro news is all positive, and the stainless steel futures are rising simultaneously, but the spot market is almost unresponsive, and the steel strip returns to the preferential delivery, and the demand is inclined to the low-priced end. In addition, the scrap market is still standing still, manufacturers lack the willingness to follow up, and the traders are reluctant to sell at a low price. (for reference only)
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