On Wednesday, copper continued to fall under profit pressure. LME copper returned to around 5,200 U.S. dollars. SHFE copper futures fell back to 43,000 range level monthly. In the case of falling prices, consumers had a strong wait-and-see attitude and the overall market was generally trading, while electricity copper premium was also narrowing. This week's delivery will continue to maintain a gap of about 200 yuan for another month. Coupled with the increased instability of the market due to the increase in overseas epidemic, short-term copper prices are under pressure. However, domestic copper fundamentals are not expected to have much room for downward movement.
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