U.S. crude oil went into a "negative era" and exerted great pressure on the metal market. After a continuous rebound in the copper market, the profit-making pressure dropped sharply and the market entered a wait-and-see state. The shortage of recycled copper in stock has caused the gap with the electricity copper to be extremely narrowed. The electricity copper consumption has increased. Guangdong's stock has dropped by nearly 50% from the highest level after the year. However, the drop after the copper market rebounded by more than 60% is no accident under the epidemic. The short-term market still needs to be cautious.