📌 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Copper: LME copper opened at $13,357/mt, touched a high of $13,480/mt, dipped to $13,115/mt, and finally closed at $13,239/mt, up 1.06%. Trading volume stood at 26,500 lots, while open interest rose by 893 lots to 326,000 lots, indicating fresh bullish positions.

The most-traded SHFE 2603 copper contract closed at 102,190 yuan/mt, up 0.26%, with declining open interest suggesting short covering.

🔹 Aluminium: SHFE aluminium closed at 23,555 yuan/mt, down 0.08%, trading above MA5 but below MA10, reflecting short-term weakness while medium-term support remains intact above MA60. Core range: 23,300–23,800.

LME aluminium closed at $3,117/mt, up 0.39%, holding above short-term averages but facing resistance near MA30. Core range: $3,090–$3,140.

🔹 Lead: LME lead closed at $1,994.5/mt, up 0.86%. SHFE lead 2603 ended at 16,725 yuan/mt, slightly down 0.09% amid soft fundamentals.

🔹 Zinc: LME zinc closed at $3,418/mt, up 0.59%, with higher volume and open interest.

SHFE zinc 2604 settled at 24,535 yuan/mt, down 0.43%, as bears added positions.

🔹 Nickel: SHFE nickel (2603) remained firm, closing at 140,560 yuan/mt, up 2.48%.

🔹 Tin: SHFE tin (SN2603) closed at 391,330 yuan/mt, gaining 0.89% after mild pullback during the session.