📌 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper

▪️ LME Copper opened at $13,055/mt, touched a low of $13,052.5/mt, then surged to a high of $13,228/mt and closed at $13,195/mt, up 2.28%.

▪️ Volume: 26,000 lots (+13,977)

▪️ Open Interest: 317,000 lots (-1,210)

➤ Overall move mainly driven by short covering.

▪️ SHFE Copper 2603 opened at ¥101,650/mt, hit a high of ¥102,230/mt and low of ¥101,200/mt, closing at ¥101,860/mt, up 0.25%.

▪️ Volume: 29,000 lots (-42,000)

▪️ Open Interest: 123,000 lots (-7,789)

➤ Performance largely supported by short covering.

🔶 Aluminum

▪️ SHFE Aluminum 2604 opened at ¥23,580/mt, high of ¥23,710/mt, low of ¥23,535/mt, and closed at ¥23,550/mt, down 0.36% (-85 yuan).

▪️ LME Aluminum opened at $3,097/mt, high of $3,127.5/mt, low of $3,090/mt, closed at $3,110.5/mt, up 0.63%.

▪️ Volume: 17,958 lots (+4,826)

▪️ Open Interest: 675,000 lots (+6,516)

🔶 Lead

▪️ LME Lead opened at $1,957/mt, touched a low of $1,950.5/mt, and closed at $1,959.5/mt, up 0.38% (+$7.5).

▪️ SHFE Lead opened at ¥16,655/mt, low of ¥16,650/mt, high of ¥16,840/mt, closed at ¥16,745/mt, up 0.12% (+20 yuan).

🔶 Zinc

▪️ LME Zinc opened at $3,360/mt, high of $3,431.5/mt, low of $3,360/mt, and closed at $3,387.5/mt, up 1.26% (+$42).

▪️ Volume: 9,709 lots

▪️ Open Interest: 230,000 lots (+415)

▪️ SHFE Zinc 2604 opened at ¥24,585/mt, high of ¥24,710/mt, low of ¥24,510/mt, and closed at ¥24,550/mt, down 0.53% (-130 yuan).

▪️ Volume: 33,839 lots

▪️ Open Interest: 85,021 lots (+3,574)

🔶 Tin

▪️SHFE Tin closed at ¥394,510/mt, up 2.02%, maintaining strength at higher levels.

▪️ LME Tin (3M) quoted at $50,300/mt, up 6.19%, continuing strong upward momentum.

▪️ Overall Trend: Copper and tin led gains on short covering and strong momentum, while aluminum and SHFE zinc showed relative weakness.