 |
| |
| Metal scraps performances in Foshan market on August 6 |
| 2024-8-6 |
Copper: Today, the spot copper price in Foshan market continues to fall, with a large decline, and the market caution is further warming up. At present, the overall mood of the non-ferrous metals market is empty. Yesterday, the global stock market experienced "Black Monday", which led to the continued fermentation of market panic and put pressure on commodity prices. The copper futures of SHFE and LME fell sharply under pressure. Although the Japanese and Korean stock markets rose today, the anxiety of the copper market has not subsided, and the trend is still bleak. In terms of spot, the demand of domestic copper market is still in the off-season, and copper manufacturers generally report that orders are less. Although the current copper price is at a low stage, the repeated short-term copper price trend has also dampened their confidence in replenishment, so the short-term copper price is still cautious and wait-and-see, and the copper price may continue to fluctuate.
Aluminum: Today, the aluminum price in Foshan market has further dropped, and the overall market sentiment is empty. Traders generally expect SHFE aluminum to continue to decline in the short term, mainly due to multiple factors such as limited fundamental changes, continuous accumulation of social stocks and weak demand in the off-season. At present, the operating rate of downstream aluminum processing enterprises continues to decline slightly, and the demand is weak or continues to put pressure on aluminum prices.
Zinc: The global stock market staged a stampede selling, and the price of zinc continued to drop. Most traders maintained a cautious attitude, and continued to focus on light warehouses. Downstream manufacturers were short-selling, and most of them were cautious in purchasing goods on demand. In the case of weak market transactions, it also dragged down the enthusiasm of traders to receive goods to a certain extent, and market transactions were weak.
Stainless Steel: Recession panic spread, SHFE nickel and stainless steel futures both fell, the confidence of steel strip in the spot market was tested, and the mentality of scrap trading was directly affected. The buyer's price reduction and reluctance to sell the goods formed a stalemate, and the overall transaction was not smooth. (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 |
|
|
|
 |
|
|
|
|
|
