SMM Copper Morning Briefing: On the fundamental side, as of Monday, June 23, SMM's copper inventories in major regions across China fell by 16,300 mt WoW from last Friday to 129,600 mt. Compared with the inventory changes last Thursday, inventories in all regions across the country declined, mainly due to lower arrivals and the outflow of warrants. As month-end approached, suppliers actively sold off their stocks, but the market was bearish on the outlook, expecting spot premiums to continue to decline. Overall, with the US dollar index continuing to fall, copper prices are expected to find bottom support today.