Base Metal Morning update

Category:-Metal | 14-May-2025 08:55 AM

*Base Metal Market Summary (Overnight Trading)*

 

*Copper*

• LME: Closed at $9,624.5/mt, up 1.29%.

• SHFE: Closed at 78,650 yuan/mt, up 0.99%.

• Prices rallied steadily after initial fluctuation. Strong upward momentum observed across both exchanges.

 

*Aluminum*

• LME: Closed at $2,493.5/mt, up 0.95%.

• SHFE: Closed at 20,155 yuan/mt, up 0.75%.

• Mild but consistent gains on both markets, indicating steady demand.

 

*Lead*

• LME: Closed at $1,993/mt, up 1.4%.

• SHFE: Closed at 16,980 yuan/mt, showing modest upward movement.

• Both markets moved higher on positive sentiment and steady buying.

 

*Zinc*

• LME: Closed at $2,720.5/mt, up 1.93%.

• SHFE: Closed at 22,680 yuan/mt, up 1.59%.

• Strong buying interest, particularly from longs in the evening session, drove sharp gains.

 

*Tin (SHFE)*

• SHFE: Closed at 264,960 yuan/mt, up 0.62%.

• Sharp rally followed by stabilization; momentum remains bullish.


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