Although the weak economic data and news released by various countries during the holiday depressed the decline of LME copper prices, the copper price remained mostly fluctuating around 5,200 US dollars, and the 5,000 US dollars mark remained effectively maintained under the conditions conducive to the global rescue operation and the steadily increasing demand in China, a big copper country, to resume work and resume production. Judging from the recent situation, the number of people infected by the epidemic abroad is still increasing, but some people are beginning to consider releasing restrictions and resuming work. This is a relatively positive signal. However, the overall market is still under great pressure for the impact on the economy and commodities accumulated in the previous period. At present, the market is more concerned about the quantity of recycled copper imported under the impact of the epidemic and the follow-up of the operation of some six types of imports without approval in July. Although short-term copper prices are expected to have preferred fundamentals, the trend is still repeated.
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