*Base Metal Overnight Update*

Advisory Bazaar Info Services

Copper: LME copper opened at $13,240.5/mt, moved up to $13,295/mt, then dropped to $13,182.5/mt before closing at $13,242/mt, down 0.26%. Trading volume was 17,000 lots, while open interest fell by 2,451 lots to 287,000 lots, indicating long liquidation.

SHFE copper (2606) opened at 102,350 yuan/mt, touched 102,510 yuan/mt, then declined to 101,700 yuan/mt before settling at 102,290 yuan/mt, down 0.09%. Open interest increased by 820 lots, indicating short buildup.

Aluminum: SHFE aluminum closed at 25,585 yuan/mt, up 0.97%. Prices remain above key moving averages, with bullish momentum intact. The short-term trend continues upward, with a trading range of 25,100–25,800 yuan/mt.

LME aluminum closed at $3,644/mt, up 0.55%, maintaining a strong uptrend. The expected range is $3,550–$3,700/mt.

Lead: LME lead opened at $1,965/mt, touched $1,972.5/mt, then declined to close at $1,947/mt, down 0.99%.

SHFE lead (2605) opened at 16,750 yuan/mt and closed at 16,675 yuan/mt, down 0.6%.

Zinc: LME zinc opened at $3,400/mt, dipped initially, then rose to close at $3,420.5/mt, up 0.6%. Open interest increased, indicating fresh buying.

SHFE zinc (2605) closed at 23,935 yuan/mt, up 0.13%, with declining open interest suggesting position reduction.

Tin: SHFE tin traded in a narrow range overnight with limited volatility.