Aluminum: Today, the price of aluminum in Foshan market has risen sharply. The economic stimulus policy exceeded expectations, and the property market ushered in a critical moment. Aluminum prices rose strongly and stabilized above 20,000. Driven by the peak consumption season and the replenishment before the National Day, the social inventory of aluminum ingots showed a trend of destocking. The enthusiasm of the downstream market to reserve stocks is good, and the transaction atmosphere in the aluminum market is marginal warming, further enhancing the upward momentum of aluminum prices.
Zinc: The favorable policy continued to exert its strength. The spot zinc price hit a new high in the year, and the cargo holders were active in shipping. The purchasing intention of zinc manufacturers was still not strong. Most of them maintained on-demand procurement, and the material preparation for the holidays was basically completed, and the market transaction activity was low. The favorable supply side and the optimism of the overall financial market have led to the expectation that zinc will still have upward momentum.
Stainless Steel: Domestic combination boxing to boost the economy has been introduced one after another, and metal futures have risen. For the current stainless steel, it is also rising. Although the macro benefits are all over the market, the stainless steel market is still difficult to improve, the improvement of spot turnover is limited, and the waste continues to indulge in a wait-and-see atmosphere. Maintaining stability and waiting may be the best choice. (Analyzed by LTIT)
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