📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper

LME copper opened at $12,865/mt and moved in a gradual uptrend, touching a high of $13,133/mt before closing at $13,123.5/mt (+2.07%). Trading volume stood at 27,000 lots, while open interest declined by 1,540 lots to 292,000 lots, indicating short covering.

SHFE copper 2605 opened at 99,760 yuan/mt, dipped to 99,520 yuan/mt, and later surged to close at 100,820 yuan/mt (+1.67%). Open interest fell by 1,518 lots to 170,000 lots, indicating bears reducing positions.

🔶 Aluminum

SHFE aluminum closed at 25,020 yuan/mt (+1.36%), trading above all key moving averages, indicating a strong bullish trend.

LME aluminum closed at $3,625/mt. Prices remain firm with bullish momentum.

Trading range: SHFE 24,600–25,100 | LME 3,500–3,650

🔶 Lead

LME lead closed at $1,928/mt (-0.13%), showing mild weakness.

SHFE lead 2605 settled at 16,610 yuan/mt (+0.24%) as short covering supported prices.

🔶 Zinc

LME zinc closed at $3,323/mt (-0.36%) amid rising open interest.

SHFE zinc 2605 closed at 23,710 yuan/mt (+0.57%), supported by fresh long buildup.

🔶 Tin

SHFE tin closed higher at 379,080 yuan/mt, maintaining an upward bias.

— Overall Trend: Positive momentum in base metals led by copper and aluminum, supported by short covering and fresh buying interest.