📊 Base Metal Overnight Update

Advisory Bazaar Info Services

🔹 Copper Futures

• LME Copper: Opened at $13,088.5/mt, hit a high of $13,145/mt and a low of $12,893/mt, before closing at $13,024/mt, down 1.21%.

Trading volume: 26,700 lots | Open interest: 332,000 lots (↓1,283 lots) – indicating long liquidation.

• SHFE Copper 2603: Opened at 101,900/mt, touched a high of 102,410/mt and a low of 100,700/mt, closing at 101,560/mt, down 1.18%.

Trading volume: 112,700 lots | Open interest: 226,000 lots (↓3,788 lots) – long positions reduced.

🔹 Aluminum Futures

• LME Aluminum: Opened at $3,182.5/mt, low $3,153/mt, high $3,213.5/mt, closed at $3,212.5/mt, up 0.53%.

Trading volume: 23,200 lots | Open interest: 696,000 lots (↓2,732 lots).

• SHFE Aluminum 2603: Opened at 24,305/mt, high 24,530/mt, low 24,155/mt, closed at 24,350/mt, up 0.19%.

Technicals remain bullish with moving averages aligned.

Open interest: 311,000 lots (↓543 lots).

🔹 Lead Futures

• LME Lead: Opened at $2,035.5/mt, slipped to $2,009/mt, and closed at $2,028/mt, down 0.39%, snapping a 3-day rally.

• SHFE Lead 2603: Opened at 17,000/mt, dipped to 16,915/mt, and recovered to close flat at 17,000/mt.

Formed a doji, indicating potential trend stabilization.

🔹 Zinc Futures

• LME Zinc: Opened at $3,336/mt, closed at $3,358.5/mt, up 0.22%.

Open interest rose by 3,054 lots, signaling fresh long build-up.

• SHFE Zinc 2603: Opened at 24,920/mt, low 24,820/mt, high 25,175/mt, closed at 25,025/mt, up 0.10%.

Open interest: 118,000 lots (↓1,180 lots).

🔹 Tin Futures

• SHFE Tin 2603: Traded with mild volatility and closed at 436,450/mt, up 0.41%.