📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper

• LME copper rose 1.02% to close at $13,713.5/mt, supported by fresh bullish positions as open interest increased by 1,001 lots.

• The most-active SHFE copper contract gained 0.31% to 104,980 yuan/mt, while declining open interest indicated short-covering activity.

🔶 Aluminum

• SHFE aluminum increased 0.46% to 24,275 yuan/mt. Prices recovered from session lows, supported by a bullish MACD crossover, although the broader trend remains weak as prices trade below key medium- and long-term moving averages.

• LME aluminum advanced 0.52% to $3,543/mt. Despite the gain, prices remain below major moving averages, suggesting that bearish momentum still dominates the overall trend.

🔶 Lead

• LME lead climbed 0.49% to close at $1,967/mt after recovering from early-session weakness.

• SHFE lead gained 0.28% to settle at 16,100 yuan/mt.

🔶 Zinc

• LME zinc jumped 1.63% to $3,583/mt, supported by higher open interest, indicating fresh buying interest.

• SHFE zinc rose 1.13% to 24,670 yuan/mt, with both trading volume and open interest increasing.

🔶 Tin

• The most-traded SHFE tin contract extended its rally during the night session, closing at 415,220 yuan/mt, up 2.19%, making it the strongest performer among major base metals.

📌 Market Summary: Most base metals closed higher, led by tin and zinc. Improved risk sentiment and short-covering activity supported prices, while aluminum continues to face resistance from a weak medium-term technical outlook.