[Lack of Positive News, Volatility Remains the Main Theme]: Macro side, Trump's tax reform bill narrowly passed the House of Representatives and was sent to the Senate for review. US Treasury yields pulled back from recent highs, and the US dollar rose on Thursday after three consecutive days of decline. LME copper dropped slightly. Fundamentals side, supply side, there has been a significant reduction in warrants, but warehouse inventories have not decreased as expected. As of Thursday, May 22, copper inventories in major regions across China tracked by SMM increased slightly by 700 mt from Monday to 139,900 mt, up 7,900 mt from last Thursday, marking two consecutive weeks of inventory buildup, although the buildup this week was less than that of last week. Demand side, with copper prices falling yesterday, transactions at lower prices were brisk. Currently, low-priced supplies have been largely purchased, and it is expected that the center of the premium will struggle to rebound today. Price side, with no more positive news in the market, it is expected that there will be limited upside potential for copper prices today.