📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper Futures:

Overnight, LME copper opened at $13,299.5/mt and dipped to $13,263/mt early in the session. Prices later moved higher, hitting a high of $13,480/mt and closing at $13,470.5/mt, up 2.4%. Trading volume stood at 22,000 lots, while open interest declined by 4,026 lots to 275,000, indicating short covering.

SHFE copper (2606 contract) opened at 102,620 yuan/mt, touched a low of 102,490 yuan/mt, and climbed to 104,000 yuan/mt before closing at 103,900 yuan/mt, up 1.23%. Open interest rose by 15,806 lots to 220,000, indicating fresh buying.

🔶 Aluminum Futures:

SHFE aluminum (2606) closed at 25,150 yuan/mt, up 0.60%. Prices are trading above key moving averages, showing stability after a short correction. MACD indicates improving bullish momentum.

👉 Trading range: 24,900 – 25,400

LME aluminum closed at $3,627/mt, up 0.14%. Trend remains positive but with limited momentum.

👉 Trading range: $3,580 – $3,650

🔶 Lead Futures:

LME lead opened at $1,959/mt and remained weak initially, finding support near $1,950. Improved demand in the European session lifted prices to close at $1,963/mt, up 0.31%.

SHFE lead (2606) traded in a narrow range of 16,700–16,775 yuan/mt and closed slightly lower at 16,760 yuan/mt (-0.03%). Open interest increased by 1,468 lots.

🔶 Zinc Futures:

LME zinc opened at $3,446/mt and moved higher throughout the session, closing at $3,466.5/mt (+0.86%). Open interest increased to 229,000 lots.

SHFE zinc (2606) closed at 24,395 yuan/mt, up 0.6%, supported by steady buying interest.

🔶 Tin Futures:

SHFE tin opened slightly lower but gained during the session, closing at 394,040 yuan/mt, up 0.62%.