*Base Metal Overnight Update*

Advisory Bazaar Info Services

Copper – Futures

• LME Copper:

Opened at $10,910/mt, moved in a “W” pattern touching a low of $10,892.5/mt, then climbed to a high of $10,956/mt.

Closed at $10,930/mt, down 0.21%.

Volume: 11,000 lots | Open Interest: 330,000 lots.

• SHFE Copper (2601):

Opened at 86,800 yuan/mt, touched a low of 86,600 yuan/mt, then trended up to 87,100 yuan/mt.

Closed at 87,050 yuan/mt, down 0.02%.

Volume: 29,000 lots | Open Interest: 209,000 lots.

Aluminum – Futures

• SHFE Aluminum (2601):

Opened at 21,450 yuan/mt, hit a high of 21,485 yuan/mt and a low of 21,400 yuan/mt.

Closed at 21,480 yuan/mt, down 0.09%.

Prices failed to break the 10-day & 20-day moving averages, with the 5-day MA acting as short-term support.

Open Interest: ~257,000 lots (stable).

• LME Aluminum:

Opened at $2,856/mt, hit a high of $2,867.5/mt and a low of $2,822/mt.

Closed at $2,831.5/mt, down 1.13%.

Volume: 15,800 lots (↓ 15,600 lots) | Open Interest: 700,000 lots (↑ 8,971 lots).

Lead – Futures

• LME Lead:

Opened at $1,976.5/mt, dipped to $1,973.5/mt in Asia, rebounded to $1,988/mt in Europe.

Closed at $1,983.5/mt, up 0.51%.

• SHFE Lead:

Opened at 16,990 yuan/mt, traded around the daily average, hit a high of 17,010 yuan/mt, and corrected slightly.

Closed at 16,985 yuan/mt, up 0.47%.

Zinc – Futures

• LME Zinc:

Opened at $3,056.5/mt, briefly touched $3,060.5/mt, then trended downward to $3,011.5/mt.

Closed at $3,033/mt, down 1.08%.

Volume: 8,392 lots | Open Interest: 222,000 lots (↑ 1,834 lots).

• SHFE Zinc (2601):

Opened at 22,370 yuan/mt, dipped to 22,300 yuan/mt, then fluctuated around the daily average.

Closed at 22,335 yuan/mt, down 0.36%.

Volume: 47,071 lots | Open Interest: 102,000 lots (↓ 175 lots).

Tin – Futures

• SHFE Tin (SN2601):

Opened slightly lower and maintained rangebound movement.

Closed below the 300,000 level at 298,610 yuan/mt, down 0.42%.