Copper: Today, the recycled copper price in Foshan market once again ushered in a sharp rise. At present, there is a strong bullish atmosphere in the commodity market, and the non-ferrous metal market continues to be hot. This week, LME copper has risen one after another, and today it has reached a six-week high of US$ 9,353. SHFE copper has shouldered the banner of leading the rise, only one step away from the 70,000-yuan mark, and the spot copper price has risen sharply. At present, with the coming of the downstream consumption season, the market still maintains a bullish view on the copper price in the second quarter, and many investment banks are optimistic about the copper market prospect. Goldman Sachs even predicts that the copper price may reach 15,000 USD/ton by 2025. However, for high copper prices, factories and enterprises are still cautious, fearing that this round of copper price increase is difficult to sustain, while cargo holders have a strong profit mentality and limited trading volume.

Aluminum: Today, the aluminum price in Foshan market rose slightly. SHFE aluminum operates above 18,000 yuan, but this week's continuous surge in prices has put pressure on the purchase mentality of aluminum manufacturers, and market transactions have been blocked. At present, most aluminum manufacturers maintain on-demand procurement, while middlemen are cautious in pursuing growth, mainly taking profit as the first priority. The traders expect that the aluminum price will be higher in the second quarter.

Zinc: Today, the price of zinc in Foshan market is rising along with the market, and there is a strong fear of high market. Traders are extremely cautious in receiving goods, and most of them ask for goods only after receiving orders. The downstream manufacturers are hesitant about the future direction of zinc prices, and they mainly wait and see, with low purchasing enthusiasm and general market transactions.

Stainless Steel: The price of stainless steel in Foshan market is rising today. Bronze bull led the metal market, which helped alleviate the pessimistic sentiment of declining prices in the waste stainless steel market. The psychology of reluctance to sell at low prices was more prominent, the circulation of goods decreased, and the market was temporarily in a weak position. At present, the traders expect that the cost of 304 raw materials may continue to decline, and the price may still decline.