The copper gap is opened low and maintained at a low level

During the May Day period, the market sentiment was light, and London copper fell by $172, a cumulative decline of 2.
68%.

The latest closing quotation of London copper was 6243 US dollars / ton, the trading volume of 14809 lots decreased by 5711 lots, and the position 293347 lot decreased by 4063 lots
.
The LME market is closed on Monday on a UK bank holiday in early May
.

While the outlook for U.
S.
-China trade talks remains positive, the latest U.
S.
-China manufacturing data are both poor, with U.
S.
manufacturing activity slowing more than expected in April as orders fell sharply; Both China's official and Caixin manufacturing PMIs were lower than expected, indicating that China is also struggling to maintain manufacturing growth momentum, and spot copper prices are expected to fall
today.

In the spot market, the first day after the holiday opened low, and the downstream was mostly wait-and-see, and the transaction did not improve and showed weak performance
.
Macro bearishness and weak demand have made copper prices in a downward channel, and there is no signal
to stop falling for the time being.

Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 48070 yuan / ton, down 830 yuan, discount 60-liter 120; Guangdong spot 1# copper price reported 48080 yuan / ton, down 860 yuan; Yangtze River spot 1# copper price 48120 yuan / ton, down 820 yuan, premium 100-liter 180; Shanghai spot 1# copper price was 48020 yuan / ton, down 890 yuan
.