Copper:

Today, the price of recycled copper in Foshan market has risen slightly, and the recent rise is good. However, after the continuous rise of copper price, the market has become cautious. At present, due to the worry of copper supply interruption and the support of China's economic data, LME copper fluctuated around the first-line high of US$ 6,100, and some investors even predicted that there was still room for further increase in short-term copper prices. However, the spot copper market is obviously cautious in chasing up. They are worried that the copper price may be suppressed by profit after accumulating huge increase. Therefore, they are very cautious in purchasing goods, and mainly purchase on demand. Three national standards, namely Recycled Brass Raw Materials, Recycled Copper Raw Materials and Recycled Casting Aluminum Alloy Raw Materials, have been officially implemented since July 1, and the certification of import and export qualifications will be launched soon, hence we will continue to pay attention to them.

Aluminum: Today, the aluminum price in Foshan market has further increased slightly. In the third quarter, China continued to introduce favorable policies to stimulate economic recovery and the destocking of the aluminum ingot market continued to support the aluminum price. The monthly contract of SHFE aluminum remained above 14,000 yuan, and the cargo holders and factories and enterprises took the opportunity to make profits and actively ship goods. At present, the industry is generally optimistic about the aluminum price in July, and it is expected that the market will fluctuate strongly.

Zinc: Today, the zinc price in Foshan market further declined slightly, and the wait-and-see atmosphere dominated the market. Traders were very cautious in receiving goods, and most of them made inquiries after receiving orders. Downstream manufacturers are worried about the market outlook, their purchasing enthusiasm is not high, the trading atmosphere in the market is clear, and the overall turnover decreases.

Stainless Steel: Today, the price of waste stainless steel in Foshan market continues to be stable. The peripheral nickel price continued to rise, which became the only support of the weak stainless steel market at present. Meantime, it also began to stimulate the waste industry's desire to enter the market while taking advantage of the low price. Buyers who had been receiving goods at the low level had raised their prices. If the demand continues to improve, it may support the scrap stainless steel market. (Source: Lingtong Metal Information)