Copper:

Today, the recycled copper price in Foshan market continued to perform steadily, while the electrolytic copper price dropped slightly. China's unwrought copper and copper imports in September continued to show bright performance, with an import volume of 722,000 tons, an increase of 8% from the previous month and approaching the record level of 762,000 tons in July again. Investors believe that the demand for copper in China is very strong, which still supports the short-term copper price. However, the epidemic broke out in Europe again, and some countries upgraded their prevention and control measures. The market was still cautious, and copper futures kept running in a narrow range. The demand of spot copper market is limited, and merchants continue to purchase on demand. In the short term, the fundamentals of the market have not changed much, and the market has followed the macro mood to run in a range of shocks, and continues to pay attention to the recovery of domestic and international demand after the market outlook.

Aluminum: Today, the aluminum price in Foshan market continued to perform steadily. Before the delivery, SHFE aluminum continued to exert its strength. However, the gap between the monthly change and the immediate month reached about 200 yuan, which put pressure on the spot market. Most of the cargo holders made profits by discounting the goods, while the users still made purchases while being cautious, mainly to digest inventory; After the holiday, the inventory of aluminum ingots increased, and the market supply was abundant, which put pressure on the market to buy gas.

Zinc: Today, the zinc price in Foshan market continues to decline slightly, and the short-term trend is weak. The decline of zinc price has dealt a blow to the confidence of traders and manufacturers in purchasing goods, and the current trading atmosphere in the market tends to be dull. Merchants believe that the current trend of zinc market has not been pointed out, and the market is in a state of continuous wait-and-see. Most of them are mainly based on inquiry, and a small amount of purchases are made with caution.

Stainless Steel: The price of waste stainless steel in Foshan market is stable today. The decline of nickel price caused the cautious mood in the market to heat up, and the scrap stainless steel market gradually became rational. At present, the bullish confidence in the industry is insufficient, and the receiving prices of manufacturers and buyers have withdrawn from high levels one after another. The cargo holders have increased their profitable shipments, and the rhythm of supply circulation has accelerated, and the market has temporarily stabilized. (Source: Lingtong Metal Information)