On the macro side, despite the escalating conflict between Israel and Iran, the US dollar did not exhibit strong safe-haven characteristics. Meanwhile, the Bank of England, Swiss National Bank, Riksbank, and Norges Bank were all set to announce their interest rate decisions, and the US dollar index still had some downside room, which was bullish for copper prices. On the fundamental side, due to contract rollover yesterday, the sales sentiment of most suppliers was low, and they were unwilling to sell at low prices. There were significant differences in copper cathode brands during the day, with large fluctuations in premiums for different brands. The supply of high-quality copper was tight, and premiums for some brands were relatively high. As of Monday, June 16, SMM copper inventories in major regions across China increased by 2,900 mt WoW to 147,700 mt, marking the third consecutive Monday of inventory buildup. Compared with the inventory changes from last Thursday, inventories in most regions across the country increased. In terms of prices, as it was difficult for macro and fundamental factors to form a resonance, it was expected that there would be limited upside room for copper prices today.