Recently, there has been an epidemic in various parts of China. Non ferrous metals have opened low and soared today, and the market repression mood has increased.

Today, Shanghai copper opened 71480 and closed 72090, up 610. Lun copper's latest inventory was reported at 77525 metric tons, a decrease of 475 metric tons or 0.61% compared with the previous trading day.

Domestic market: Recently, the favorable domestic copper price has gradually decreased. After the epidemic control, the logistics transportation and downstream transactions have been blocked. Under the suppression of all aspects, the copper price has increased, but the increase is temporarily limited. As the downstream enterprises are also affected by the epidemic, the demand has dropped.

International market: Russian President Vladimir Putin hinted that Russia Ukraine negotiations have made progress, the concerns about commodity supply have cooled, the downward trend of inventory has slowed down, the market consumption performance is weak, and the short-term copper price fluctuates above 70000.

Recently, there has been an epidemic in Linyi, Shandong Province, and the trading volume of non-ferrous metal market has decreased.