Copper
LME copper prices opened at $8,471/mt and closed at $8445/mt in overnight trading, a drop of 0.07%, with the low-end of $8408/mt and the high-end of $8496.5/mt. Trading volume was 19,000 lots and the open interest stood at 267,000 lots. The most active SHFE 2401 copper contract prices opened at 68200 yuan/mt and closed at 67990 yuan/mt last evening, down 0.23%, with the high-end of 68330 yuan/mt and the low-end of 67900 yuan/mt. Trading volumes stood at 28,000 lots and open interest stood at 164,000 lots.
Aluminum
Overnight, the most-traded SHFE 2401 aluminum contract opened at 18565 yuan/mt, with low and high at 18520 yuan/mt and 18615 yuan/mt before closing at 18600 yuan/mt, down 50 yuan/mt or 0.27%. LME aluminum opened at $2224/mt in the previous trading day, with its low and high at $2207.5/mt and $2231.5/mt respectively before closing at $2217.5/mt, down 0.18%.
Lead
Overnight, LME lead opened at $2156/mt. Dragged down by SHFE lead, LME lead prices inched lower. Prices fell to as low as $2126/mt as LME lead inventory increased by nearly 6,000 mt. At last, the contract closed at $2142/mt, down 0.44%.
Overnight, the most active SHFE 2401 lead contract opened at 15965 yuan/mt. Due to the growth in lead warrants inventory, SHFE lead dropped to 15825 yuan/mt, refreshing a new low since August 15, 2023. The contract closed at 15850 yuan/mt, an decrease of 1.22%. Open interest stood at 69216 lots, a rise of 144 lots from the previous trading day.
zinc
Overnight, LME zinc opened at $2542/mt and closed down $40.5/mt or 1.6% at $8584/mt. The trading volume was 8584 lots, and open interest lost 4395 lots to 203,000 lots. the most-traded SHFE 2401 zinc contract opened at 20915 yuan/mt and fell slightly to close at 20830 yuan/mt, down 235 yuan/mt or 1.12%. Trading volume stood at 57,000 lots, and open interest gained by 4405 lots to 91,000 lots.
Nickel
Overnight, the most-traded SHFE nickel contract opened at 129160 yuan/mt, and closed at 131110 yuan/mt, up 1950 yuan/mt. Trading volume rose 13596 lots, and open interest increased by 6610 lots.