📊 *Base Metal Overnight Update*

Advisory Bazaar Info Services

🔹 Aluminum Futures

LME Aluminum 3M closed at $3,130/mt, up 0.48%, but still trades below key moving averages, maintaining a weak technical structure.

Suggested LME range: $3,110–3,250/mt

The most-traded SHFE Aluminum 2608 contract closed at 22,970 yuan/mt, down 2.13%. Prices remain below MA5, MA10, MA30, and MA60, indicating a bearish trend with continued selling pressure. MACD also signals persistent weakness.

Suggested SHFE range: 22,900–23,600 yuan/mt

🔹 Copper Futures

LME Copper closed at $13,026.5/mt, down 2.59%, as long positions were liquidated.

SHFE Copper 2608 closed at 100,880 yuan/mt, down 2.58%, with increasing bearish positions and negative sentiment dominating the market.

🔹 Lead Futures

LME Lead settled at $1,913.5/mt, down 1.59%, reaching its lowest level in nearly three months amid a stronger US dollar and easing geopolitical tensions.

SHFE Lead 2608 closed at 16,205 yuan/mt, down 0.95%, with weak macro sentiment weighing on prices.

🔹 Zinc Futures

LME Zinc closed at $3,408/mt, down 2.67%, pressured by increased bearish activity.

SHFE Zinc 2608 settled at 24,045 yuan/mt, down 1.33%, with rising open interest indicating fresh selling pressure.

🔹 Tin Futures

LME Tin also fell 3.23% to $49,500/mt, slipping below the important $50,000/mt mark.

SHFE Tin 2607 continued its sharp correction, closing at 383,450 yuan/mt, down 2.64%. Over the last three sessions, prices have dropped nearly 35,000 yuan/mt, breaking multiple key support levels.

📉 Market Summary:

Base metals declined across the board overnight as a stronger US dollar and broad industrial metal weakness weighed on sentiment. Tin led the losses after previous outperformance, while copper, aluminum, lead, and zinc also remained under selling pressure.