*Base Metal Update-*
*Advisory Bazaar Info Services*
*Copper -* Overnight, LME copper opened at $9,846/mt, initially touching a high of $9,847/mt before fluctuating considerably downward during the session. It approached a low of $9,810.5/mt near the close and finally settled at $9,777/mt, down 0.64%. Trading volume reached 12,000 lots, and open interest stood at 268,000 lots. Overnight, the most-traded SHFE copper 2509 contract opened at 79,290 yuan/mt, initially touching a low of 79,130 yuan/mt before fluctuating considerably upward to a high during the session. It pulled back slightly near the close and finally settled at 79,110 yuan/mt, down 0.29%. Trading volume was 16,000 lots, and open interest was 156,000 lots.
*Aluminum -* On Wednesday night session, the most-traded SHFE aluminum 2509 contract opened at 20,780 yuan/mt, with a highest price of 20,790 yuan/mt, a lowest price of 20,635 yuan/mt, and closed at 20,655 yuan/mt. Trading volume was 41,100 lots, and open interest was 212,000 lots. On Wednesday, LME aluminum opened at $2,622.5/mt, with a peak of $2,640/mt, a trough of $2,608/mt, and closed at $2,608.5/mt.
*Lead -* Overnight, LME lead opened at $2,013.5/mt. During the Asian session, it consolidated around the intraday average line. Entering the European session, it rose to a high of $2,019/mt before fluctuating downward. After hitting a low of $1,983.5/mt, it rebounded slightly, ultimately closing at $1,988/mt, down by $28/mt or 1.39%. Overnight, the most-traded SHFE lead contract opened lower with a gap at 16,880 yuan/mt. After consolidating around the 16,900 yuan/mt level under pressure in the early session, it fluctuated downward, hitting a low of 16,765 yuan/mt. It ultimately closed at 16,775 yuan/mt, down by 150 yuan/mt or 0.89%.
*Zinc -* Overnight, LME zinc opened at $2,845/mt. Early in the session, LME zinc reached a high of $2,851/mt, then fluctuated downward throughout the session, hitting a low of $2,810/mt near the close. It finally closed at $2,811.5/mt, down $36.5/mt or 1.28%. Trading volume decreased to 6,970 lots, while open interest increased by 1,359 lots to 194,000 lots. Overnight, the most-traded SHFE zinc 2509 contract opened at 22,600 yuan/mt. Early in the session, SHFE zinc reached a high of 22,640 yuan/mt, then began to fluctuate downward after the opening. Near the close, SHFE zinc hit a low of 22,540 yuan/mt, finally closing at 22,540 yuan/mt, down 60 yuan/mt or 0.27%. Trading volume decreased to 26,590 lots, while open interest decreased by 88 lots to 85,898 lots.
*Tin -* The most-traded SHFE tin contract (SN2509) fluctuated rangebound during the night session, closing at 268,800 yuan/mt, down 0.5% from the previous trading day.