📊 *Base Metal Overnight Update*

Source: Advisory Bazaar Info Services

🔸 Copper:

LME copper closed at $13,835/mt, up 0.13%. Prices remained volatile with bearish position reduction seen in open interest. SHFE copper 2607 closed at 105,510 yuan/mt, up 0.10%, also reflecting short-covering activity.

🔸 Aluminum:

LME aluminum settled at $3,424.5/mt, up 0.99%. Bearish momentum eased slightly, but the overall trend remains weak.

SHFE aluminum closed at 23,940 yuan/mt, up 0.25%. Prices rebounded from lows but remained below key medium- and long-term moving averages, indicating the broader bearish trend is still intact.

🔸 Lead:

LME lead closed at $1,985/mt, up 0.13%. SHFE lead 2607 ended at 16,470 yuan/mt, unchanged, as weak downstream demand limited upside.

🔸 Zinc:

LME zinc gained strongly, closing at $3,611.5/mt, up 1.4%. SHFE zinc 2608 also moved higher to 24,890 yuan/mt, up 0.61%.

🔸 Tin:

SHFE tin traded sideways during the night session and closed at 423,800 yuan/mt, up 0.21%.

Overall Market View:

Most base metals showed mild recovery with short-covering support. However, technical indicators still suggest a cautious outlook, as broader bearish trends remain in place.