📌 *BASE METALS Update*

*Advisory Bazaar Info Services*

*Copper*

• LME: Copper opened at $10,142/mt overnight, touched a high of $10,168/mt before trending lower, hitting a low of $10,104.5/mt, and finally closed at $10,117/mt, down 0.71%. Trading volume stood at 17,000 lots with open interest at 292,000 lots.

• SHFE: The most-traded 2511 contract opened at 81,060 yuan/mt, rose to 81,230 yuan/mt before falling to 80,870 yuan/mt, and closed at 80,910 yuan/mt, down 0.22%. Trading volume reached 22,000 lots and open interest 178,000 lots.

*Aluminum*

• SHFE: The most-traded 2510 contract opened at 21,045 yuan/mt, fluctuated between 21,055–20,995 yuan/mt, and closed at 21,000 yuan/mt, up 25 yuan/mt or 0.12%. Trading volume was 32,600 lots with open interest at 150,000 lots.

• LME: Aluminum opened at $2,701/mt, moved between $2,720–$2,691/mt, and closed at $2,712/mt.

*Lead*

• LME: Lead opened at $2,005/mt, dipped to $1,991/mt, rebounded to $2,011.5/mt, and closed at $2,006.5/mt, up $5/mt or 0.25%.

• SHFE: The most-traded contract opened at 17,075 yuan/mt, touched 17,105 yuan/mt before retreating, and closed at 17,070 yuan/mt, down 10 yuan/mt or 0.06%.

*Zinc*

• LME: Zinc opened at $2,982/mt, dipped to $2,961/mt, rebounded to $3,003.5/mt, and closed at $2,984.5/mt, up $2.5/mt or 0.08%. Trading volume fell to 11,350 lots, and open interest dropped by 2,659 lots to 216,000 lots.

• SHFE: The most-traded 2510 contract opened at 22,330 yuan/mt, rose to 22,365 yuan/mt before easing, and settled at 22,290 yuan/mt, up 35 yuan/mt or 0.16%. Trading volume declined to 48,493 lots, with open interest down 3,330 lots to 81,661 lots.

*Tin*

• SHFE: The most-traded 2510 contract opened higher but trended down, closing at 272,900 yuan/mt, up 0.07% from the previous session.