Capital risk control before the festival the rise of copper market eased but there was no profit decline that the market was worried about. For domestic copper, the fundamentals were relatively better than those of the external market. However, after a continuous rebound, the stock price before the festival was suppressed, and the premium of electricity copper and recycled copper in Guangdong region was slightly narrowed under the increased willingness of commodity holders to ship. At present, more people in the market are concerned about the order situation in May and more uncertainties brought about by the overall epidemic situation. Therefore, they hold a cautious wait-and-see attitude and expect the subsequent copper price to be slightly stronger in general direction although there is some profit pressure.