📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Copper: LME copper declined 1.42% to close at $13,785.5/mt as long positions were reduced. SHFE copper also weakened by 0.49% to 105,860 yuan/mt, reflecting profit-booking and a reduction in bullish positions.

🔹 Aluminum: SHFE aluminum fell 1.14% to 24,385 yuan/mt, trading below key moving averages, indicating continued weakness in the near term. LME aluminum closed nearly flat at $3,696.5/mt (-0.03%), with the broader medium-term trend remaining positive. Key trading ranges: SHFE 24,300–24,850 yuan/mt and LME $3,600–3,790/mt.

🔹 Lead: LME lead dropped 0.81% to $2,020.5/mt amid weakness across the non-ferrous metals complex. SHFE lead declined 0.87% to 16,500 yuan/mt, pressured by rising domestic supply and weaker overseas sentiment.

🔹 Zinc: LME zinc settled 0.76% lower at $3,603/mt after failing to sustain gains during European trading hours. SHFE zinc eased 0.32% to 25,070 yuan/mt, with both trading volume and open interest showing a cautious market tone.

🔹 Tin: The most-traded SHFE tin contract traded in a narrow range and closed at 445,000 yuan/mt, down 0.68%, reflecting subdued buying interest.

📌 Market Sentiment: Base metals came under pressure overnight as investors reduced risk exposure, while concerns over global economic growth and geopolitical uncertainties weighed on sentiment.