On the macro front, US Fed Governor Waller once again called for a cut in interest rates, stating he would support a 25-basis-point cut in September and expects further cuts over the next three to six months, depending on newly released data. Additionally, as hopes for a meeting between the leaders of Russia and Ukraine faded, dampening expectations for peace, international crude oil reversed its losses during the session, achieving two consecutive weeks of gains, providing an overall positive boost to copper prices. Fundamentally, supply side, imported copper arrived in large quantities, with domestic sources steadily supplementing, leading to ample spot supply of copper cathode. Spot supply is expected to continue increasing next week. Demand side, as the off-season gradually ends, downstream consumption is likely to recover. As of Thursday, August 28, SMM national mainstream region copper inventories increased by 4,100 mt to 127,100 mt from Monday, and decreased by 4,600 mt compared to the previous Thursday. Price-wise, with both macro and fundamental factors potentially aligning, it is expected that there will be some support for copper prices today.