*Base Metal Overnight Update*

Advisory Bazaar Info Services

🔻 Copper:

LME copper slipped 1.33% to close at $12,120/mt amid rising short positions. SHFE copper also declined 0.45% to 95,150 yuan/mt, mainly due to long liquidation.

🔻 Aluminum:

SHFE aluminum gained 0.61% to 23,870 yuan/mt, while LME aluminum rose 0.39% to $3,254.5/mt. Trend remains mixed with short-term consolidation and weakening bullish momentum.

🔻 Lead:

LME lead fell 1.12% to $1,890/mt. SHFE lead ended slightly lower by 0.27% at 16,415 yuan/mt, showing rangebound movement.

🔻 Zinc:

LME zinc declined marginally by 0.24% to $3,073.5/mt, while SHFE zinc rose 0.43% to 23,170 yuan/mt on improved buying interest.

🔻 Tin:

SHFE tin dropped 1.26% to 348,090 yuan/mt after a weak opening.

👉 Overall sentiment remains mixed to weak, with pressure from profit booking and cautious market positioning.