📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔶 Copper Futures:

Overnight, LME copper opened at $13,060/mt and moved lower to $12,937.5/mt in early trade. Prices later recovered to $13,075/mt but remained volatile, finally closing at $13,034.5/mt, down 1.45%. Trading volume stood at 27,900 lots, while open interest fell by 3,200 lots to 275,500, indicating long liquidation.

SHFE copper (2606) opened at 101,020 yuan/mt, touched a low of 100,620 yuan/mt, and later moved up to 101,320 yuan/mt before closing at 101,000 yuan/mt, down 1.15%. Open interest declined by 2,327 lots, suggesting short covering.

🔶 Aluminum Futures:

SHFE aluminum (2606) closed at 24,535 yuan/mt, down 0.30%. Prices slipped below key moving averages (MA5–MA60), indicating weakness. MACD shows a bearish crossover with expanding negative momentum.

LME aluminum closed at $3,539/mt, down 0.95%, with weakening trend structure and slowing upside momentum.

🔶 Lead Futures:

LME lead opened at $1,961.5/mt and closed lower at $1,951.5/mt, down 0.61% after volatile trade.

SHFE lead (2606) opened higher at 16,735 yuan/mt, traded in a narrow range, and closed at 16,705 yuan/mt, up 0.06%. Open interest increased by 1,770 lots.

🔶 Zinc Futures:

LME zinc opened at $3,400/mt and declined to close at $3,359.5/mt, down 1.05%, amid rising open interest (bearish build-up).

SHFE zinc (2606) closed at 23,850 yuan/mt, down 0.40%, with declining open interest.

🔶 Tin Futures:

SHFE tin remained range-bound at lower levels, closing at 383,460 yuan/mt, down 0.52%.

Overall sentiment remains weak across base metals with profit booking and bearish technical signals dominating the trend.