Investors' risk aversion is strong, and copper prices continue to come under pressure

Externally, the London Metal Exchange (LME) market was closed for the Good Friday holiday
.

Spot market, on April 14, Yangtze River spot 1# copper reported 45860 yuan / ton, down 10 yuan from the previous trading day, premium 70 to 90; Guangdong spot 1# copper price was 45800 yuan / ton, up 30 yuan; Huatong spot 1# copper price was 45885 yuan / ton, down 10 yuan
.
Shanghai area 1# electrolytic copper reported 45800 yuan / ton, no rise or fall; Intraday copper prices did not rise or fall much, holders shipped at high prices, traders increased purchases, and there were many waiters in the market, but the trading situation improved slightly from previous days
.

On the industry front, a 43-day strike by copper miners in Escondida led to a sharp drop
in Chile's copper production in February.
Chile's copper production fell 17.
1% in February to 370,900 mt, the lowest monthly low
in three years, according to the latest statistics from Chile's National Copper Commission (Cochilco).
This is down 17.
2%
from 448,100 tonnes in January.
The cumulative output in the first two months was 819,000 tons, down 9.
7%
year-on-year.

Overall, following the US missile attack on Syria, geopolitical tensions on the Korean Peninsula have heated up again, investors are strong risk aversion, commodities are under pressure as a whole, and base metals such as copper and aluminum are under obvious pressure, and it is expected that short-term copper prices will continue to be under pressure and the upside is limited
.