Other things being equal, the current copper consumption market is depressed and copper is in a state of oversupply, so the spot price of copper will fall. For the same commodity, when the spot market and the futures market coexist, they will be influenced and restricted by the same economic factors at the same time and space, so generally speaking, the price changes in the two markets are the same. As the futures contract approaches delivery, the spot price and the futures price tend to be consistent. Therefore, other things being equal, the depression of copper consumption market will lead to the decline of futures prices.