📊 Base Metal Overnight Update

Advisory Bazaar Info Services

🔹 Copper:

LME copper closed at $12,695.5/mt (-0.27%). Price movement remained volatile, with increased open interest indicating fresh short positions.

SHFE copper closed at 98,070 yuan/mt (+0.27%), supported by short covering.

🔹 Aluminum:

SHFE aluminum closed at 24,670 yuan/mt (+0.39%), holding above key moving averages with strong bullish momentum.

LME aluminum closed at $3,447.5/mt (-0.79%), showing short-term correction but medium-term trend remains positive.

Range: SHFE 24,500–25,100 | LME 3,420–3,500

🔹 Lead:

LME lead settled at $1,925.5/mt (-1.13%), under pressure during European session.

SHFE lead closed at 16,705 yuan/mt (-0.48%), showing weak sentiment.

🔹 Zinc:

LME zinc closed at $3,325/mt (+1.22%), supported by strong buying.

SHFE zinc closed at 23,810 yuan/mt (+0.19%), with gradual upward movement.

🔹 Nickel:

SHFE nickel closed at 133,210 yuan/mt (-0.72%) after slight profit booking.

🔹 Tin:

SHFE tin remained firm, trading sideways at higher levels.