Shanghai copper runs low, and the decline narrowed slightly

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 41120 yuan / ton, down 890 yuan, premium 200-liter 260; Guangdong spot 1# copper price was 41140 yuan / ton, down 920 yuan; Yangtze River spot 1# copper price 41130 yuan / ton, down 910 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 41035 yuan / ton, down 990 yuan
.

In the spot market, holders are more willing to rise to the top, traders are interested in receiving goods but it is difficult to achieve their wishes, and downstream enterprises are improving their consumption at low prices
.
At present, the benefits of inventory dematerialization and mine disturbance are gradually exhausted, and the actual consumption improvement is limited, and copper prices will regain upward momentum
after supply disturbance supply disturbance or consumption recovery is clearer.

After May-June, copper consumption is still at risk of declining
.
First of all, even if the phenomenon of rushing work is not considered, April is also a seasonal consumption season, and copper consumption will also weaken
seasonally after June.
Secondly, the impact of the overseas epidemic on consumption has not yet been reflected in the export in April, and the export consumption after May will be greatly affected
.
Finally, the inventory of enterprises is generally high, and enterprises have the phenomenon of low-price hoarding or gambling taxes, which is actually a front-end
to consumption.