SMM Copper Morning Briefing: On the fundamental side, on the last trading day of May, there was generally less inventory build-up ahead of the holiday. It is expected that both supply and demand will be weak today. As of Thursday, May 29, SMM copper inventories in major regions across China decreased by 1,000 mt WoW to 138,700 mt, continuing to show destocking. In major consuming regions, Shanghai, Guangdong, and Jiangsu all experienced destocking, with Shanghai seeing the largest destocking volume of 1,100 mt. Overall, the trade outlook remains uncertain, but officials under Trump have expressed optimism. It is expected that copper prices will hover at highs today, with slight pressure on the upside.