Copper:

Today, the regenerated copper price in Foshan market dropped slightly. This week, the trend of copper price continued to be weak, mainly due to factors such as strong US dollar and rising trade war. In October, the demand in the copper market did not improve significantly, and many copper rod enterprises reflected the lack of orders. Therefore, in purchasing raw materials, the purchasing enthusiasm continued to be poor and the bid price was relatively low, with most of them mainly purchasing at reduced prices. However, the supply of recycled copper in China is still tight. Affected by environmental protection and import supervision, the import cost has increased greatly. This year, the supply of recycled copper in China has decreased significantly. Suppliers are still holding up prices and selling at a low price even though replenishment is difficult. At present, the industry is very concerned about the implementation of the policy on the import of scrap hardware next year, and it is expected that the supply will become more scarce next year.

Aluminum:

Today, the price of aluminum in Foshan market continued to decline slightly, this week's trend was weak and the market was cautious. On the whole, the aluminum market demand in September and October this year was not at the same level as in previous years, but due to environmental protection factors, manufacturers mostly used aluminum rods to suppress the demand for aluminum ingots. At present, the domestic aluminum ingot spot inventory remains high and the aluminum price is suppressed.

Zinc:

Today, the zinc price in Foshan market resumed its downward trend, with a larger decline. After many corrections this week, the focus of zinc price trading has dropped, attracting many zinc manufacturers to enter the market to make inquiries and replenish their stocks. They believe that the risk has been released and the short-term decline is expected to be limited. However, due to the current weak overall demand in the zinc market, the industry also expects a limited rebound in zinc prices.

Stainless steel:

Today, the price of scrap stainless steel in Foshan market continues to fall. Towards the end of the month, the pressure on the stainless steel market to withdraw funds has increased, and many dealers have offered profits to promote the transaction. However, the sale of stainless steel finished products is not good, and the phenomenon of price reduction in raw material purchase is still quite common in steel mills, with the transaction price continuing to decline slightly and the transaction volume relatively limited. (Source: Lingtong Metal Information)