Copper:

The price of copper in Foshan today stops falling and tend to stabilize, and the price of electrolytic rise slightly, which bring some optimism for the market. Although the domestic copper demand has not officially started yet and is still in the stage of accumulating inventory, LME and COMEX have relatively low inventory. As well as the expectation of Chinese policy and American infrastructure construction, there is a certain expectation of demand so that the rebound pattern of copper price is still maintained. It is expected in recent days that the metal demand will gradually pick up as many factories and enterprises have begun to work until the 10th day of the lunar calendar on this year. It is also reflected by many manufactures and enterprise that the resumption of production is still to wait after the Lantern Festival. If the Sino-us trade talks in today and tomorrow are full of good news, the copper price will start to rise, or attract traders to return to the market in advance for trading, and then the copper market is expected to usher in a "volume and price rise".

Aluminum: The price of Aluminum in Foshan today continues to rises slightly, the demand in market has not officially start and the strength of the rebound is still weak. Recently, Russia and Indonesia have taken anti-dumping measures against China's aluminum alloy wheels and aluminum foil, which is negative for domestic aluminum export expectations. The continuation of the inventory accumulation continues to weigh on aluminum prices, but the ministry of industry and information technology released a list of models enjoying tax breaks for cars and ships, which has supported aluminum prices and posed a dilemma in up or down.

Zinc: The price of Zinc in Foshan today stops falling and tend to stabilize. The trading confidence in market is seriously hit  for three consecutive declines this wee. After the festival, traders are more cautious for purchasing who mainly inquiry. On the contrary, they are more positive about selling. However, due to the limited number of downstream zinc producers after the festival and weak demand, most of them purchased in small quantities, and the overall market turnover did not improve significantly.

Stainless steel: The price of stainless steel in Foshan today is stable. The demand has not been started at present as the operating rate of the stainless steel is still low and workers in many manufactures have delayed the time of start work. However, the industry still had better expectations for post-holiday demand. Now many steel mills have begun to negotiate with the trade recyclers price, trade is expected to be good. (Source: Lingtong Metal Information)