📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper:

LME copper opened at $12,223/mt and showed high volatility. Prices touched a high of $12,278/mt and a low of $12,153.5/mt before closing at $12,195/mt, up 0.44%. Trading volume stood at 15,300 lots, while open interest declined by 454 lots to 295,000 lots.

SHFE copper (2605) opened at 96,100 yuan/mt, hit a high of 96,240 yuan/mt, and later declined to 95,210 yuan/mt. It finally closed at 95,350 yuan/mt, slightly down by 0.05%. The decline in open interest indicates long liquidation.

🔶 Aluminum:

SHFE aluminum (2605) closed at 24,745 yuan/mt, up 0.08%. Prices are trading above key short-term moving averages, indicating continued bullish momentum. Technical indicators (MACD) also support strengthening bullish sentiment.

LME aluminum surged strongly, closing at $3,445/mt, up 4.89%, supported by improving market sentiment.

🔶 Lead:

LME lead gained 0.47% to close at $1,912/mt, supported by geopolitical factors impacting supply and energy costs.

SHFE lead (2605) traded in a narrow range of 16,500–16,525 yuan/mt and closed at 16,510 yuan/mt, up 0.24%, with a decline in open interest indicating cautious market participation.

🔶 Zinc:

LME zinc rallied sharply by 2.43% to $3,182/mt as short covering supported prices.

SHFE zinc (2605) also moved higher, closing at 23,650 yuan/mt, up 0.98%, as bearish positions exited the market.

🔶 Tin:

SHFE tin closed at 368,650 yuan/mt, up 1.12%, after witnessing mild downward fluctuations during the session.