📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper Futures:

Overnight, LME copper opened at $12,402.6/mt and dipped to a low of $12,334.5/mt in early trade. Later, prices recovered and touched a high of $12,482.5/mt, finally closing at $12,472.6/mt, up 0.73%. Trading volume stood at 24,900 lots, while open interest declined by 7,698 lots to 291,200 lots, mainly due to short covering.

SHFE copper 2605 contract opened at 96,300 yuan/mt, slipped to 96,210 yuan/mt, and later moved higher to touch 96,970 yuan/mt, closing at 96,970 yuan/mt, up 0.45%. Volume was 40,900 lots, with open interest down by 2,869 lots to 183,400 lots.

🔶 Aluminum Futures:

SHFE aluminum 2605 opened at 24,830 yuan/mt, hit a high of 24,980 yuan/mt and a low of 24,775 yuan/mt, closing at 24,910 yuan/mt, up 1.01%. Prices remained above key short-term moving averages, indicating a continued bullish trend. MACD signals also suggest strong upward momentum. Open interest increased by 1,479 lots to around 248,000 lots.

LME aluminum opened at $3,459.0/mt, reached a high of $3,537.0/mt, and closed at $3,527.5/mt, gaining 2.66%. Open interest declined slightly to about 683,000 lots.

🔶 Lead Futures:

LME lead opened at $1,913/mt and moved higher amid easing geopolitical concerns, touching $1,944/mt before closing at $1,939/mt, up 1.65%.

SHFE lead 2605 opened at 16,690 yuan/mt and rose to 16,770 yuan/mt, closing at 16,765 yuan/mt, up 1.02%. Open interest declined by 3,234 lots to 58,434 lots.

🔶 Zinc Futures:

LME zinc opened at $3,233/mt, dipped to $3,193.5/mt, and later surged to close at $3,283.5/mt, up 2.16%. Open interest slightly decreased to 210,000 lots.

SHFE zinc 2605 opened at 23,635 yuan/mt and climbed to 23,935 yuan/mt, closing at 23,895 yuan/mt, up 1.27%. Open interest increased by 941 lots to 89,872 lots.

🔶 Tin Futures:

SHFE tin saw minor fluctuations and closed at 373,310 yuan/mt, up 0.31%.