📌 Base Metal Overnight Update

Advisory Bazaar Info Services

🔹 Copper Futures

• LME Copper closed at $12,761.5/mt, down 0.27%.

– Range: $12,712 – 12,930.5/mt

– Volume: 24,000 lots | OI: 317,000 lots (↓ 8,682; long liquidation)

• SHFE Copper (2603) closed at ¥100,420/mt, down 0.85%.

– Range: ¥100,260 – 101,410/mt

– Volume: 89,000 lots | OI: 224,000 lots (↓ 585; short build-up)

🔹 Aluminum Futures

• LME Aluminum closed at $3,117.5/mt, down 0.03%

– Trading below MA30 & MA60

– MACD below zero line → bearish bias continues

– Trading Range: $3,090 – 3,150/mt

• SHFE Aluminum closed at ¥24,100/mt, up 0.77%

– Price above key MAs, bullish alignment

– MACD turned positive → bullish momentum strengthening

– Trading Range: ¥23,900 – 24,400/mt

🔹 Lead Futures

• LME Lead closed at $2,024.5/mt, down 0.17%

• SHFE Lead closed at ¥17,130/mt, up 0.32%

🔹 Zinc Futures

• LME Zinc closed flat at $3,175/mt

– Volume & OI declined → weak participation

• SHFE Zinc (2603) closed at ¥24,300/mt, down 0.21%

– OI decreased → position unwinding

🔹 Tin Futures

• SHFE Tin (2602) closed at ¥406,500/mt, up 1.01%

– Prices stabilized after intraday pullback

📊 Overall View:

Base metals showed mixed performance overnight. Copper and zinc faced pressure due to position reduction, while aluminum and tin maintained relative strength.