 |
| |
| Metal scraps performances in Foshan market on June 27 |
| 2024-6-27 |
Copper: The spot copper price in Foshan market rose slightly today, and market transactions continued to be cautious. Although the copper price has accumulated a large decline after the callback for nearly a month, and the risk has been released to some extent, the current US dollar index remains strong, which puts pressure on the metal trend. The high inventory in the copper market also limits the rebound space of copper prices. At the same time, the market is still worried about the demand in China, fearing that weak demand may affect the demand for electricity and construction copper. In the current actual market situation, trading psychology tends to be cautious. In addition, a series of important American economic data will be released this trading day, and market funds will choose to wait and see to judge the situation. The industry expects that the copper price will fluctuate within the range in the short term. Today, the price fluctuation in spot copper is limited.
Aluminum: Today, the aluminum price in Foshan market has stopped falling and rebounded. At present, the aluminum price is at a low stage, which has stimulated the downstream to actively replenish stocks, but the wait-and-see mood still dominates, and the upstream and downstream transactions are more concentrated on the execution of long-term orders. Some enterprises still choose to buy at low prices, and market transactions are still cautious. In the off-season of consumption, the weak real estate is constantly putting pressure on the aluminum market and paying attention to the bottom support.
Zinc: Yesterday, the spot zinc price of SHFE zinc rose sharply, and traders generally actively shipped. In view of the current cautious performance of downstream materials manufacturers, they mainly purchased according to orders, and the market supply and demand sides were deadlocked, and the market transaction was average. Global zinc mines are in short supply, LME zinc stocks are declining, zinc fundamentals are strongly supported, domestic market demand is still weak, and short-term prices may still rise.
Stainless Steel: SHFE nickel and stainless steel futures rose, the main contract reached the 14,000 yuan mark, and the spot steel strip showed signs of low shouting, and the quotation was tentatively upward. Near the end of the month, steel mills are slow to withdraw funds, and scrap trading is affected by the shortage of funds. The trading atmosphere is not active, and some buyers raise the receipt of goods due to the situation. ( 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! |
|
| |
|
|
|
2024-11-18
|
Item |
SHFE |
Change |
Cu |
130465 |
-9197 |
Al |
233681 |
-35713 |
Zn |
90661 |
+17996 |
Item |
LME |
Change |
Cu |
271525 |
-350 |
Al |
716425 |
-2525 |
Zn |
259500 |
+11050 |
Ni |
159156 |
+4722 |
|
 |
 |
 |
2023-5-15 |
|
| |
1 USD= |
6.7021 |
Inverse: |
0.14921 |
|
1 EUR= |
7.8800 |
Inverse: |
0.12690 |
|
1 GBP= |
8.6373 |
Inverse: |
0.11578 |
|
1 AUD= |
5.2589 |
Inverse: |
0.19015 |
|
|
|
 |
|
|
|
|
|
