📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper

LME copper opened at $12,157.5/mt, dipped to $12,106/mt, and later touched a high of $12,246.5/mt before closing at $12,141/mt, up 0.17%. Trading volume stood at 15,500 lots, while open interest declined by 991 lots to 295,000 lots.

SHFE copper (2605) opened at ¥95,080/mt, hit a low of ¥95,040/mt, and peaked at ¥95,880/mt before closing at ¥95,490/mt, down 0.22%. Open interest fell by 1,897 lots to 185,500 lots, mainly due to long liquidation.

🔶 Aluminum

SHFE aluminum (2605) closed at ¥24,085/mt, up 150 yuan (+0.63%). Prices held above short-term moving averages (SMA 5 & 10), indicating short-term bullish momentum. However, resistance remains in the ¥24,100–24,250 range as medium-term averages are still downward aligned.

LME aluminum closed at $3,284.5/mt, up 0.92%, with open interest rising by 7,296 lots to 688,000 lots.

🔶 Lead

LME lead closed at $1,903/mt, up 0.69%, after giving up early gains due to geopolitical tensions and a stronger dollar.

SHFE lead (2605) closed at ¥16,455/mt, down 0.12%. Market remains range-bound amid a tug-of-war between destocking and imported supply pressures.

🔶 Zinc

LME zinc closed at $3,106.5/mt, up 1.07%, after volatile trade driven by profit booking and short covering.

SHFE zinc (2605) settled at ¥23,370/mt, up 0.49%, supported by fresh buying despite lower open interest.

🔶 Tin

SHFE tin rebounded sharply after an initial drop and closed at ¥362,930/mt, up 2.65%.