SMM Copper Morning News: On the fundamental side, yesterday, transactions of standard-quality copper for the SHFE copper 2506 contract moved downwards after a higher opening, falling to spot premiums of 380-410 yuan/mt. Copper futures warrants on the SHFE increased by over 20,000 mt to over 50,000 mt. As of Thursday, May 15, SMM copper inventories in major regions across China increased by 8,900 mt from Monday to 132,000 mt, up 11,900 mt from last Thursday, ending a 10-week consecutive weekly destocking trend. The significant price spread between futures contracts led to a decline in downstream purchasing interest, with suppliers actively transferring to delivery warehouses being the main reason. It is expected that spot premiums will continue to decline today compared to yesterday. Overall, with the US dollar index weakening again and today being the contract rollover day, it is anticipated that copper prices will have some support at the bottom and will fluctuate at highs.