*Advisory Bazaar Info Services*
🔹 Copper
LME Copper opened at $13,788/mt on Friday night and touched an early high of $13,803/mt before coming under sustained selling pressure. Prices fell to a low of $13,499.5/mt and eventually settled at $13,517/mt, down 2.78%. Rising open interest indicated fresh short positions in the market.
The most-traded SHFE Copper 2607 contract opened at 104,790 yuan/mt, climbed briefly to 105,000 yuan/mt, and then moved lower throughout the session to close at 103,800 yuan/mt, down 1.84%. A decline in open interest reflected long liquidation.
🔹 Aluminum
The most-traded SHFE Aluminum 2607 contract settled at 24,115 yuan/mt, down 0.76%. Prices remained below key moving averages, indicating a weak near-term trend. MACD signals also pointed to continued bearish momentum. The recommended trading range is 23,900–24,800 yuan/mt.
LME Aluminum 3M closed at $3,612.5/mt, up 0.25%. While prices remain below short-term moving averages, the medium-term uptrend is still intact. The recommended trading range is $3,600–3,750/mt.
🔹 Lead
LME Lead 3M opened at $2,015/mt and traded in a narrow range before rising to an intraday high of $2,018.5/mt. However, strong resistance at higher levels triggered selling, pushing prices down to settle at $1,995/mt.
The most-traded SHFE Lead 2606 contract opened at 16,380 yuan/mt and closed at 16,405 yuan/mt, down 0.18%.
🔹 Zinc
LME Zinc opened at $3,594/mt. After touching a high of $3,602/mt during the night session, heavy selling pressure emerged, dragging prices lower to close at $3,540/mt, down 1.52%.
The most-traded SHFE Zinc 2607 contract opened at 24,815 yuan/mt and settled at 24,695 yuan/mt, down 0.34%.
🔹 Tin
The most-traded SHFE Tin contract maintained a downward trend during the night session, with prices falling toward the 400,000 yuan/mt level.
📌 Overall, base metals witnessed broad-based selling pressure on Friday night. Copper and zinc were the weakest performers, while aluminum showed relative resilience despite a cautious technical outlook.