["[Copper Prices Extend Gains Overnight Amid Weakening US Dollar Index and Tightening Supply]: On the macro front, the US Department of Commerce reported on Tuesday that the US trade deficit widened by 14% in March to a record high of US$140.5 billion. Coupled with the decline in the yield of 2-year US Treasury bonds and a series of pessimistic corporate outlooks, the market refocused on the economic pressures potentially brought about by the global trade war, causing the US dollar index to fluctuate downward and supporting copper prices. On the fundamental front, from the supply side, downstream players picked up goods as usual during the Labour Day holiday, but warehouse inflows were limited. Imported cargoes were not replenished as scheduled, leading to tight spot supply. Suppliers' sentiment to hold back cargoes strengthened, pushing spot premiums higher. From the demand side, although some downstream players made just-in-time procurement in the morning session, overall, downstream purchase willingness was somewhat suppressed in the face of high copper prices, and the overall market activity remained moderate. As of May 6, SMM's copper inventories in major regions across China decreased by 1,100 mt from before the holiday to 128,500 mt on a WoW basis. Looking ahead, if imported cargoes are gradually replenished or downstream demand continues to be suppressed by high copper prices, changes in both supply and demand may alter the current market landscape. Currently, bullish