Market sentiment has been eased to a certain extent, and Shanghai copper is generally strong

In terms of the market, the price of domestic spot copper rose, the price of Yangtze River Nonferrous Network 1# copper was reported at 49270 yuan / ton, up 330 yuan, copper discount 190-discount 130; Guangdong spot 1# copper price was reported at 49490 yuan / ton, up 330 yuan; Yangtze River spot 1# copper price was reported at 49310 yuan / ton, up 330 yuan, copper discount 140 - discount 120; Shanghai spot 1# copper price was 49270 yuan / ton, up 445 yuan
.

In terms of stocks, COMEX copper stocks 232547 short tons as of March 26, an increase of 909 tons from March 25; LME copper stocks were 352,750 tonnes, up 35,000 tonnes from March 25; As of March 26, SSE futures inventories were 134272 tons, down 2,278 tons
from the previous day.

Industry news, on March 23, data released by the General Administration of Customs showed that China imported 130,000 tons of scrap copper in February, down more than 50% year-on-year; From January to February, the cumulative import reached 330,000 tons, a cumulative decrease of 40%
year-on-year.
In February, due to the Spring Festival, copper scrap imports fell by 35% month-on-month, and the approval volume of the first eight batches of scrap seven copper currently announced still has a gap of 92% year-on-year
.
At present, the supply of scrap copper cannot be objective
.
Continue to pay attention to the issuance of subsequent approvals and whether copper scrap imports can rebound
in March.

At present, the market panic caused by the escalation of Sino-US trade war friction has been eased to a certain extent, the surrounding metals generally out of the rebound market, LME copper inventories have increased again, forming obvious pressure on copper prices, and copper prices will remain weak and volatile
in the short term without obvious favorable support.
Pay attention to the evolution of inventory, spot premium and trade war policies
.
FYI
.