February 25, Jiangsu, Zhejiang and Shanghai regions scrap copper price quotes
Copper price: After last week's successive declines (London copper fell below the $7,800 mark last Friday), the copper market's decline has eased this week, and the industry is concerned about the news and the start of China's demand. Over the years, many factories and enterprises have started construction, and market demand has gradually started. Although copper prices continue to fall today, the enthusiasm of copper manufacturers to enter the market to inquire about purchases has increased, and the market trading atmosphere has become more optimistic. According to them, the number of materials prepared before the holiday is very small. After the start of construction, there is a need to enter the market to purchase goods. After the holiday, the copper price has continued to decline, and the cost of purchasing has dropped significantly. After the holiday, the price of copper has fallen greatly. The space for further decline will be more limited. With the start of demand, copper prices are expected to rebound. They think that the purchase is more suitable at this time.
â– Aluminum price: Today, the price of aluminum ingots fell slightly, and the transaction was relatively flat. So far, the start-up situation of aluminum manufacturers has not been fully started, and the demand is relatively limited. Most of the merchants mainly focus on digesting inventories, and the aluminum prices have fallen successively after the holiday, which has damaged the confidence of the market and the transaction volume is obviously suppressed. At present, the inventory of aluminum ingots in the local market is relatively high, suppressing the market to buy gas.
â– Zinc price: Today, the price of zinc ingots is also under pressure, and the transaction is relatively light. At present, the demand for zinc manufacturers is still weak, coupled with the continuous decline in zinc prices after the holiday, the purchase is more cautious.
â– Stainless steel price: Lun nickel stopped falling and stabilized and worried about the market. The price of scrap stainless steel was stable for a short period of time, and the transaction was relatively light. After the holiday, the loss of scrap stainless steel holders has increased, and the purchase price of scrap stainless steel by steel mills is still low, further weakening the enthusiasm of scrap merchants.
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