📌 *Base Metals Overnight Update*

Advisory Bazaar Info Services

🔹 Copper: LME copper opened at $13,089/mt and closed at $13,100/mt, down 0.64%, indicating long position reduction. SHFE copper (2603) settled at 101,730 yuan/mt, down 0.13%, also showing reduced open interest.

🔹 Aluminum: SHFE aluminum closed flat at 23,545 yuan/mt, trading within a bearish short-term structure. Suggested range: 23,300–23,800. LME aluminum ended flat at $3,105/mt with a trading range of $3,080–$3,140.

🔹 Lead: LME lead closed at $1,977.5/mt after intraday volatility. SHFE lead (2603) settled at 16,705 yuan/mt, up 0.24%, forming a small bullish candle.

🔹 Zinc: LME zinc rose to $3,398/mt (+0.47%) with higher open interest. SHFE zinc (2604) closed at 24,540 yuan/mt, up 0.14%, supported by fresh buying.

🔹 Nickel: SHFE nickel (2603) surged to 139,760 yuan/mt, gaining 4.31%.

🔹 Tin: SHFE tin (SN2603) closed at 386,250 yuan/mt, up 1.06% after mild overnight volatility.

Overall tone: Mixed to firm across base metals, with strength in nickel and zinc, while copper and aluminum remain range-bound.