Macro side, on Friday last week, Israel launched a fierce airstrike on Iranian territory, targeting Iran's nuclear facilities and missile factories, resulting in the deaths of numerous military commanders and nuclear scientists. Geopolitical tensions in the Middle East escalated, prompting the market to buy into safe-haven assets. The US dollar index rose, putting pressure on copper prices. Fundamentals side, supply side, the widening price spread between futures contracts last Friday encouraged suppliers to actively sell, but the availability of standard-quality copper in Shanghai and Changzhou remained tight. Demand side, downstream buyers actively purchased and stockpiled copper last Friday. However, recent fluctuations in copper prices have led to a stronger wait-and-see sentiment among downstream buyers, who remain cautious in their procurement. Looking ahead to this week, the market will focus on the US Fed's decision. It is widely expected that the US Fed will maintain interest rates unchanged, and it is anticipated that there will be support at the bottom of copper prices today.