Due to the lack of recycled copper in the market, electricity copper consumption premium continues to expand, and electricity copper stocks in Guangdong have been decreasing downward to about 46,000 tons on Monday. The recent forecast of stable copper consumption under the control of the epidemic in China and the favorable global policies and financial incentives for economic aid have kept the capital market paying close attention to the metal market. As the International Labor Day draws near, there is some demand for metal materials. However, the market's worries about economic recession due to the global epidemic still not reaching the inflection point and the mentality of continuous price rebound and fear of profit will partially suppress transactions. It is expected that short-term copper prices will still be paid attention to by funds and have some upward rebound. However, repeated operations caused by poor economic data and short-term profit from funds should be prevented.
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