📌 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Copper Futures:

Overnight base metals traded mixed. Copper prices showed limited recovery as upside remained capped due to weak volumes and resistance near key moving averages. Market participants await clearer directional cues.

🔹 Aluminium Futures:

Most-traded SHFE Aluminium (2603) opened at 23,810 yuan/mt, touched a high of 23,960 and low of 23,805, before closing at 23,865 yuan/mt, up 0.23%.

Technically, prices indicate a rebound from lows, but upside remains limited unless prices decisively break above 24,000 yuan/mt.

LME Aluminium closed at $3,099/mt, up 1.39%, supported by short covering.

🔹 Lead Futures:

LME Lead closed at $1,961.5/mt, down 0.46%, marking the 6th consecutive negative session, with sluggish trading and weak demand.

SHFE Lead (2603) traded in a narrow range and closed at 16,615 yuan/mt, down 0.15%. Open interest increased, indicating ongoing long-short stalemate.

🔹 Zinc Futures:

LME Zinc closed marginally higher at $3,323/mt, up 0.14%, after volatile intraday movement.

SHFE Zinc (2603) closed at 24,805 yuan/mt, down 0.62%, as higher open interest reflected fresh short positions.

🔹 Tin Futures:

SHFE Tin (2603) traded firm in the night session and closed at 398,100 yuan/mt, gaining 6.64%, supported by tight supply concerns.