Copper:

Today, the regenerated copper price in Foshan market continues to decline slightly. After the recent continuous decline, the suppliers are now reluctant to sell. Although copper prices have accumulated a large decline, copper manufacturers and traders still have a low willingness to purchase and market transactions are weak. According to the analysis, on the one hand, because the fall in copper prices weakens their optimistic expectations for short-term copper prices, will the final outcome of the Sino-US trade talks meet expectations? Will the Federal Reserve raise interest rates as scheduled? All these will have a great impact on the short-term copper price. On the other hand, at the end of the year, the demand of copper market decreased obviously, while the shortage of funds also increased, weakening buyers' buying enthusiasm. Some dealers said that China will ban imports of scrap seven kinds of metals by the end of the year, and it is expected that the domestic supply of recycled copper will become more scarce tomorrow.

Aluminum:

Today, the price of aluminum in Foshan market is in a moderate decline, and the transaction continues to be weak. Since the beginning of September, the price of aluminum has been continuously fluctuating downward and has fallen by nearly 1500 yuan/ton. Although the decline slowed down after entering November, it once rebounded strongly this Monday, but it failed to keep up its gains in the end. Therefore, the current industry is still bearish on the aluminum market. In December, the demand in the aluminum market weakened obviously and the funds were very tight. Aluminum manufacturers continued to purchase according to their needs even though orders were low, and actively withdrew funds by adding close-up funds.

Zinc: Today, the price of zinc in Foshan market rose slightly. Compared with the earlier period, the rise slowed down significantly and the market cautious mood continued to rise. Zinc manufacturers have a strong fear of falling, and their purchases are low.

Stainless steel: Today, the price of scrap stainless steel in Foshan market continues to hold steady and the transaction is deadlocked. The resistance to the rebound in nickel prices has hit the slightly warmer scrap stainless steel market, and the market atmosphere has returned to a strong state of wait-and-see with buyers holding down prices and sellers holding up sales deadlocked, with a few deals mainly concentrated in the low price range. At present, the market is waiting for a clear trend of nickel price. (Source: Lingtong Metal Information)