🌐 Base Metal Update - Advisory Bazaar Info Services (in English)

📅 Overnight session highlights for major base metals are as follows:

🔶 Copper

LME Copper opened at $9,619.5/mt, touched a high of $9,635.5/mt and a low of $9,590/mt, and finally closed at $9,619.5/mt, down 0.32%.

SHFE Copper (2507 contract) opened at ¥78,160/mt and closed at ¥78,280/mt, down 0.27%.

⚪ Aluminum

SHFE Aluminum (2507 contract) closed at ¥20,540/mt, down ¥45/mt or 0.22%.

LME Aluminum closed at $2,525.5/mt, down $21/mt or 0.82%.

🔵 Lead

LME Lead closed at $1,988.5/mt, down slightly by 0.05%.

SHFE Lead (2507 contract) closed at ¥16,910/mt, up 0.18%, supported by positive sentiment on SHFE’s move to allow overseas investors in lead futures and a drop in inventory.

⚙️ Zinc

LME Zinc closed at $2,646.5/mt, up $3/mt or 0.11%, recovering from early losses.

SHFE Zinc (2507 contract) closed at ¥21,890/mt, up ¥25/mt or 0.11%, after initial volatility.

🟤 Nickel

SHFE Nickel (2507 contract) closed up 0.6% at ¥119,050/mt during the night session. It continued rising during the day, touching a high of ¥119,100/mt, and was last reported at ¥118,800/mt at midday, up 0.39%.

LME Nickel also rebounded and closed at $15,095/mt, up 1.07%, helped by easing macro pressure after the US Fed’s rate decision.

🔘 Tin

SHFE Tin (SN2507 contract) showed weak performance, closing slightly lower near ¥259,000/mt, maintaining a sideways trend throughout the session.

📊 Summary:

Most base metals traded in a narrow range. Nickel and zinc showed mild strength, while aluminum and copper saw slight corrections. The market was supported by softer macro signals from the US Federal Reserve.

💡 Investor Note: Rate stability by the US Fed has eased macroeconomic pressure, which may provide near-term support to base metal prices.