📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper:

LME copper declined by 0.68% to close at $13,154.5/mt amid long liquidation. Prices initially moved higher but corrected toward the end of the session. SHFE copper remained largely flat, closing at 102,100 yuan/mt (-0.04%), also indicating long unwinding.

🔶 Aluminum:

SHFE aluminum fell 0.44% to 24,890 yuan/mt, slipping below short-term moving averages, signaling near-term weakness, though medium-term support remains intact.

LME aluminum rose marginally by 0.37% to $3,544/mt but continues to face short-term pressure with weakening bullish momentum.

🔶 Lead:

LME lead dropped 0.84% to $1,957.5/mt after giving up earlier gains due to broad selling pressure in metals.

SHFE lead declined 0.53% to 16,750 yuan/mt, pressured by rising inventories and weak global cues.

🔶 Zinc:

LME zinc gained 0.67% to close at $3,437/mt, supported by buying at lower levels.

SHFE zinc also edged higher by 0.27% to 24,180 yuan/mt, with improved participation.

🔶 Nickel:

SHFE nickel moved higher, closing at 142,340 yuan/mt, up 0.81%, supported by steady buying interest.

🔶 Tin:

SHFE tin declined sharply by 1.85%, closing at 387,680 yuan/mt, breaching key psychological levels amid selling pressure.