📌 Base Metal Overnight Update

Advisory Bazaar Info Services

🔶 Copper

• LME copper opened at $13,111/mt, traded between $13,045–13,190.5/mt, and closed at $13,120/mt, up 0.74%.

• Trading volume: 28,900 lots | Open interest: 330,000 lots (↓1,761), indicating short covering.

• SHFE copper 2603 opened at 102,540 yuan/mt, touched a low of 102,260 and a high of 103,190, and closed at 102,430 yuan/mt, up 0.18%.

• Volume: 78,600 lots | OI: 225,000 lots (↓2,761), suggesting short covering.

🔶 Aluminum

• LME aluminum opened at $3,220/mt, traded between $3,219–3,314, and closed at $3,263.5/mt, up 1.59%.

• Volume rose to 47,400 lots; OI increased to 699,000 lots.

• SHFE aluminum 2603 opened at 25,430 yuan/mt, hit a high of 25,585, a low of 25,240, and closed at 25,330 yuan/mt, down 1.21%.

• OI stood at 359,000 lots (↓3,409).

🔶 Lead

• LME lead opened at $2,027.5/mt and closed at $2,027/mt, marginally lower by $1/mt.

• SHFE lead 2603 opened at 17,000 yuan/mt and closed at 17,010 yuan/mt, up 0.09%, snapping a four-day losing streak.

🔶 Zinc

• LME zinc opened at $3,370/mt, hit a high of $3,429, and closed at $3,375.5/mt, up 0.51%.

• SHFE zinc 2603 opened at 25,450 yuan/mt and closed at 25,320 yuan/mt, up 0.42%.

• Open interest declined, indicating profit booking.

🔶 Nickel

• Indonesian MHP nickel FOB: $16,251/mt Ni

• Indonesian MHP cobalt FOB: $49,465/mt Co

• MHP nickel payable: 88.5–89%

• MHP cobalt payable: 91.5%

• High-grade nickel matte FOB: $16,638/mt Ni

🔶 Tin

• SHFE tin 2603 retreated after an early uptick and closed at 442,800 yuan/mt, down 0.47%.