📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Copper: LME copper closed at $13,983.5/mt, up 0.75%. Prices gained on short covering as open interest declined. SHFE copper also advanced, closing at 107,100 yuan/mt, up 0.45%, supported by reduced bearish positions.

🔹 Aluminum: SHFE aluminum 2607 contract settled at 24,775 yuan/mt, up 0.79%. Technical indicators suggest recovering bullish momentum, with the key trading range seen at 24,350–25,000 yuan/mt. LME aluminum rose 0.75% to $3,760.5/mt, maintaining a strong medium-term uptrend.

🔹 Lead: LME lead climbed 1.24% to $2,037/mt, reaching a near four-month high of $2,046/mt during the session. Tight spot supply in Southeast Asia continued to support prices. SHFE lead gained 0.69% to close at 16,690 yuan/mt.

🔹 Zinc: LME zinc advanced 1.37% to $3,631/mt, supported by strong buying interest. SHFE zinc closed at 25,250 yuan/mt, up 1.06%, with higher open interest indicating fresh long positions.

🔹 Tin: The most-traded SHFE tin contract moved sideways but ended the session strongly at 450,720 yuan/mt, registering a gain of 2.22%.

Market Outlook: Base metals remained firm overnight, supported by improving technical indicators, short covering, and supply-side concerns. Traders will continue to monitor global macroeconomic developments and geopolitical events for further direction.