Aluminum: The price of aluminum in Foshan market rose slightly today. Under the pressure of sufficient supply, the copper wave drove the aluminum price to rise slightly, and the SHFE aluminum was still in the range after delivery, while the aluminum factories and enterprises slightly increased their purchasing efforts, and the aluminum inventory in Guangdong still increased slightly to 235,400 tons. From the subsequent trend, aluminum is expected to be bullish, and the price oscillation is mainly upward.
Zinc: The price of zinc continues to fluctuate at a high level, and traders are more cautious in receiving goods. Most of them make inquiries only after receiving orders. The downstream manufacturers are worried about the after-market, and their purchasing enthusiasm is not high. The trading atmosphere in the market is quiet and the overall transaction is average. Domestic consumption will enter the traditional peak season, and zinc prices will remain bullish in the short term.
Stainless Steel: The high price fluctuation pattern of nickel remains unchanged, and a breakthrough direction may be sought in the short term. After the delivery of stainless steel futures, it rebounded rapidly, and the spot market transactions showed an upward atmosphere. The steel strip raised its quotation conveniently, and the rigid demand transaction improved. In addition, the scrap industry was active when it entered the market at a low price, and buyers actively increased their prices to purchase, and the market resumed its upward trend. (Analyzed by LTIT)
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