*Base Metal Overnight Update*

Advisory Bazaar Info Services

Copper:

LME copper closed at $13,285.5/mt (-0.34%). Open interest increased, indicating fresh short positions. SHFE copper closed at 102,410 yuan/mt (+0.12%), with a reduction in short positions.

Aluminum:

SHFE aluminum closed at 22,510 yuan/mt (+0.09%). Prices remained below key moving averages, though downside momentum has slowed over the last two sessions. Suggested range: 22,200–22,700 yuan/mt.

LME aluminum closed at $3,083/mt (-0.31%), continuing to trade below major moving averages with a weak trend. Suggested range: $3,050–3,110/mt.

Lead:

LME lead closed at $1,868.5/mt (+0.11%) after recovering from intraday lows. SHFE lead settled at 15,850 yuan/mt (+0.54%), supported by bargain buying.

Zinc:

LME zinc closed at $3,472.5/mt (-0.56%) after a volatile session. SHFE zinc closed at 24,210 yuan/mt (+0.33%), supported by short covering and fresh buying interest.