The domestic New Year holiday ended, but affected by the severe epidemic situation. Although the financial series opened for trading, many provinces across the country delayed the opening to February 10 as required by the government due to proliferation prevention and other factors. The overall market was basically at a standstill. London broke through the 6,000-dollar drop of more than US$ 400 during the long holiday due to the epidemic situation in China and lack of demand. SHFE copper futures opened for a time with a drop limit, and the Shanghai Composite Index also fell above 2,700 points. Due to the release of domestic funds and increased liquidity, the decline of copper price in the middle of the profit-taking period narrowed, and LME copper also rebounded to about 5600 US dollars. From now on, the impact of the epidemic continues and there are too many unknown factors in the follow-up situation. It is still one week before the factory and enterprise start their operations. However, on the other hand, the huge decline in price has cushioned some of the pressure during the holiday period when most of the factory and enterprise have not made any transactions. Based on the above situation, it is expected that the short-term copper price will still be under pressure and oscillate, with a slightly weaker trend.