Aluminum: Today, the price of aluminum in Foshan market has risen in an all-round way. Yunnan aluminum industry resumed production at different times, and the production capacity may be limited. The rhythm of aluminum ingot accumulation has slowed down. It is expected that the inventory inflection point will be ushered in this week, and the aluminum rod inventory will continue to show a downward trend. The overall supply of goods in the spot market is relatively loose, the downstream industries maintain rigid-demand procurement, and the spot prices of the three major consumer places maintain a discounted operation.
Zinc: The Federal Reserve may still cut interest rates three times this year. The fall of the US dollar supports the price of zinc, and the willingness of cargo holders to ship is positive. The downstream manufacturers are obviously fearful and wait-and-see, and most of them are mainly based on inquiry. In addition, the response of manufacturers to orders has not improved much, and the market transaction is average.
Stainless Steel: Nickel prices stopped falling and rallied, stainless steel futures fluctuated weakly, confidence in the spot market was damaged, steel strip transactions were sluggish, steel mills were not active in purchasing waste, recycling traders in the industry were conservative, and the desire to receive goods at high prices was not strong, so the transaction was temporarily stable. (Analyzed by LTIT)
WWW.LINGTONG.INFO is China's most authoritative information provider on non-ferrous scrap metals. Once registered, your account will be available on both Chinese and English websites. More information is waiting for you on www.lingtong.info . Register now for free!