📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

Copper: LME copper closed at $13,587/mt (+0.62%) after volatile trade. SHFE copper settled at 104,990 yuan/mt (-0.24%). Open interest declined in both markets due to profit-booking and long position reduction.

Aluminum: SHFE aluminum closed at 23,955 yuan/mt (-0.27%), remaining under pressure below key moving averages with an overall bearish trend. Recommended range: 23,300–24,000 yuan/mt. LME aluminum closed at $3,360/mt with continued weak momentum.

Lead: LME lead settled at $1,965/mt (+0.77%) after recovering on positive Middle East peace developments. SHFE lead closed at 16,430 yuan/mt (+0.34%) amid mixed inventory and supply-side factors.

Zinc: LME zinc closed at $3,602/mt (+1.32%) with strong buying support. SHFE zinc ended at 24,855 yuan/mt (+0.53%) with higher open interest indicating fresh participation.

Tin: SHFE tin weakened sharply, closing near 409,000 yuan/mt (-1.9% to -2.0%). Strong USD and elevated bond yields continued to pressure the non-ferrous metals complex, with bearish positions increasing.

Market View: Mixed sentiment persists across base metals. Copper and zinc remain relatively supported, while aluminum and tin continue to face pressure from macroeconomic factors.