📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Copper

• LME Copper opened at $12,869.5/mt, hit a high of $12,933.5/mt and a low of $12,680/mt, before closing at $12,796.5/mt 🔻 (-1.47%).

• Volume: 28,000 lots | OI: 326,000 lots (↓589 lots, long liquidation).

• SHFE Copper 2603 opened at 101,020/mt, touched a low of 99,210/mt, and settled at 99,930/mt 🔻 (-1.29%).

• Volume: 1.23 lakh lots | OI: 2.18 lakh lots (↓1,278 lots, long liquidation).

🔹 Aluminium

• LME Aluminium closed at $3,118.5/mt 🔻 (-1.48%).

Prices remained near key moving averages; MACD near zero, momentum weak.

📌 Core range: $3,120 – $3,190

• SHFE Aluminium closed at 23,775/mt 🔻 (-1.02%).

Prices hovered near MA5/10/30/60, indicating a neutral-to-rangebound trend.

📌 Core range: 23,700 – 24,100

🔹 Lead

• LME Lead settled at $2,028/mt 🔻 (-1.77%) after inventory buildup pressured prices.

• SHFE Lead closed at 17,055/mt 🔻 (-1.02%), trading in a narrow range.

🔹 Zinc

• LME Zinc closed at $3,175/mt 🔻 (-1.82%).

Volume rose, but OI fell by 1,676 lots, indicating long unwinding.

• SHFE Zinc 2603 settled at 24,165/mt 🔻 (-1.00%).

OI declined by 2,353 lots, signaling cautious sentiment.

🔹 Tin

• SHFE Tin (SN2602) closed at 3,93,880/mt 🔻 (-0.41%) after mild overnight pressure.