📌 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Copper:

LME copper opened at $12,965/mt, touched a high of $13,000/mt and a low of $12,783/mt, and closed at $12,855/mt (down 1.42%). Trading volume rose to 30,000 lots, while open interest fell to 324,000 lots, indicating long position reduction.

The most-traded SHFE 2603 contract opened at 100,430 yuan/mt, hit a low of 98,550 yuan/mt and a high of 101,400 yuan/mt, and closed at 101,130 yuan/mt (down 1.34%), with declining volume and open interest.

🔹 Aluminum:

SHFE aluminum 2603 opened at 23,390 yuan/mt and closed at 23,570 yuan/mt (up 0.79%). Prices remained below short-term moving averages, reflecting bearish momentum and resistance to rebound.

LME aluminum closed at $3,026/mt (down 1.08%), with slightly lower volume and open interest.

🔹 Lead:

LME lead closed at $1,954/mt (down 0.66%) amid weak fundamentals.

SHFE lead 2603 closed at 16,580 yuan/mt (up 0.15%), though prices remained under pressure due to rising inventories. Open interest declined.

🔹 Zinc:

LME zinc closed at $3,298.5/mt (down 0.21%), with lower volume and open interest.

SHFE zinc 2603 rebounded to close at 24,600 yuan/mt (up 0.84%), supported by short covering.

🔹 Tin:

The most-traded SHFE tin contract (SN2603) moved rangebound overnight and closed at 366,500 yuan/mt (down 3.36%).