*Base Metals Overnight Update – Advisory Bazaar Info Services*
Copper: LME copper closed at $13,344.5/mt (+0.17%) after a volatile session. SHFE Copper 2608 settled at 102,340 yuan/mt (-0.79%), with long positions reducing.
Aluminum: SHFE aluminum closed at 22,515 yuan/mt (-2.19%), remaining below key moving averages with strong bearish momentum. Suggested range: 22,400–22,800 yuan/mt. LME aluminum settled at $3,100.5/mt (+0.06%), with continued medium-term weakness. Suggested range: $3,080–3,130/mt.
Lead: LME lead closed at $1,892.5/mt (-0.47%). SHFE lead 2608 settled at 16,130 yuan/mt (-0.37%) after failing to sustain gains.
Zinc: SHFE zinc 2608 closed at 24,290 yuan/mt (-0.74%) as long positions reduced and market sentiment weakened.
Tin: SHFE Tin 2608 settled at 387,910 yuan/mt (-0.21%). LME tin closed at $51,180/mt (+$180). Market focus remains on contract rollover activity and quarter-end position adjustments, which may increase volatility.
Market View: Bearish sentiment continues across most base metals, while quarter-end position shifts may keep volatility elevated.