📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

Copper:

LME copper opened at $13,073.5/mt, touched a high of $13,098/mt, and declined to close at $12,989/mt (-0.35%). Open interest rose slightly, indicating fresh short positions.

SHFE copper (2606) closed at 100,820 yuan/mt (-0.43%), with falling open interest, suggesting long liquidation.

Aluminum:

SHFE aluminum (2606) closed at 24,335 yuan/mt (-1.14%), breaking key moving averages with weak technical indicators and continued long unwinding.

LME aluminum settled at $3,492/mt (-1.33%), showing weakness from higher levels with bearish MACD signals.

Lead:

LME lead closed at $1,945/mt (-0.33%) after failing to sustain early gains.

SHFE lead (2606) ended at 16,650 yuan/mt (-0.57%), with declining open interest indicating position reduction.

Zinc:

LME zinc closed at $3,329/mt (-0.91%) amid profit booking and weaker sentiment.

SHFE zinc (2606) settled at 23,595 yuan/mt (-1.11%), with both volume and open interest declining.

Tin:

SHFE tin slipped below the 380,000 level, closing at 380,470 yuan/mt (-0.97%), maintaining a weak trend.

Overall Trend: Base metals remain under pressure with weak technicals and profit booking seen across the board.