Copper prices fell during the LME period, and the market was worried that the new crown epidemic was dragging down demand

At 16:35 Beijing time, three-month copper on the London Metal Exchange (LME) fell 0.
26% to $
5,183.
5 a tonne.
The June copper contract, the main force of the Shanghai Futures Exchange, fell 0.
61% to settle at 42,300 yuan
a tonne.

An analyst at Argonaut Securities said the supply problem was serious
.
There is not enough copper concentrate and not much copper scrap supply
.
But copper prices remain under pressure amid demand-side uncertainty, she said, noting that countries outside China have been slow to lift lockdowns and that there may be a second wave of
lockdowns to contain the virus.

Freeport McMullen Copper-Gold Mine Corp.
's EIA bra copper mine in Chile announced Monday that it will cut copper processing capacity by 40 percent and cut workers as copper prices fall
.
This is the latest in a series of recent cuts
.

China imported 90,252 tonnes of copper scrap in March, down 11 percent
from a year earlier, customs data showed.

ICBC said on Monday that in view of the recent negative price of US crude oil futures, the commodity market is volatile, which may cause the full loss of customer investment principal or margin; The bank will suspend the opening of trading of all products of
crude oil, natural gas, copper and soybeans from April 28 at 9:00 a.
m.
Beijing time.
Closing trades and pre-set rollovers of open customers, as well as consecutive product share adjustments, are not affected
.
Analysts at Argonaut said the move should not affect liquidity in the metals market due to the size and speculative nature of retail investors
.