1、 Trend analysis

As shown in the figure above, the copper price fluctuated and fell this week. As of the end of the week, the spot copper price was 70781.67 yuan / ton, down 1.14% from 71595 yuan / ton at the beginning of the week, up 22.13% from the beginning of the year, and up 49.294% from the same period last year. This week, LME copper in March was running in a narrow range, closing at US $9984, up 0.24% for the week; This week, the Shanghai copper index fluctuated at a low level, closing at 71930 yuan, up 1.24%. The international copper index closed at 63720 yuan, up 0.76%.

Copper prices fell in a weak position this week. According to news, it has been confirmed that the boots of the State Reserve Bureau have been put into operation. The varieties involved in this throwing are copper, aluminum and zinc, and the objects are downstream terminal enterprises. Moreover, the receiving quantity of each variety has low requirements. The launching time is at the end of each natural month and will last until the end of 2021. The rumors of throwing reserves brought certain pressure to the whole nonferrous plate, and the copper price also fell. However, the disturbance factors of copper still exist, and the supply has a certain support. However, in terms of demand, the heat of the air conditioning industry may be cooling down, and the automotive industry continues to be affected by the shortage of chips. Therefore, the overall performance of the consumer side is not strong. It is expected that the copper price will continue to fluctuate at a high level.