Copper - LME copper prices opened at a low of $9,509/mt on Wednesday, and hiked to a high of $9,616.5/mt, but finally closed down at $9,548/mt. Trading volume was 23,000 lots, and open interest was up 0.78% at 335,000 lots. The most-traded SHFE 2406 copper contract opened at 77,290 yuan/mt, and dipped to a low of 77,020 yuan/mt after reaching a high of 77,840 yuan/mt, and finally closed at 77,110 yuan/mt. Trading volume was 77,000 lots and open interest was 220,000 lots.
Aluminum - Overnight, the most-traded SHFE 2406 aluminum contract opened at 20,405 yuan/mt, with its lowest and highest at 20,360 yuan/mt and 20,495 yuan/mt before closing at 20,375 yuan/mt, up 75 yuan/mt or 0.37%. LME aluminum opened at $2,550/mt in the previous trading day, with its high and low at $2,597/mt and $2,549/mt respectively before closing at $2,570/mt, up $10.5/mt or 0.41%.
Lead - Overnight, LME lead opened at $2,150/mt, with its lowest and highest at $2,135/mt and $2,176/mt due to weak US dollar before closing at $2,168/mt, up 0.95%. The most-traded SHFE 2406 lead contract opened at 16,960 yuan/mt overnight, with its high at 17,030 yuan/mt. Then, entry of bears pushed SHFE lead down to 16,915 yuan/mt before closing at 16,935 yuan/mt, down 0.18%.
Zinc - Overnight, LME zinc opened at $2,751.5/mt, and hit a low of $2,741.5/mt, but moved up to a high of $2,842/mt due to short selling, and finally closed up $67/mt or 2.43% at $2,825.5/mt. Trading volume decreased to 12,481 lots. Open interest dipped by 9,412 lots to 241,000 lots. The most-traded SHFE 2406 zinc contract opened at 22,700 yuan/mt on Wednesday, increasing to 22,875 yuan/mt after a brief drop, and then moved up to a high of 22,990 yuan/mt, owing to short selling, and finally closed up 210 yuan/mt or 0.94% at 22,665 yuan/mt. Trading volume decreased to 137,000 lots. Open interests shrank 1,215 lots to 120,000 lots.
Nickel - On Wednesday, the most-traded SHFE nickel contract opened at 134,890 yuan/mt, and closed at 136,100 yuan/mt, up 1,560 yuan/mt compared with the last trading day. Trading volume fell by 95,085 lots to 184,585 lots, and open interest decreased by 2,602 lots to 54,981 lots.
Tin - SHFE 2405 tin contract went up and then fell, closing at 256,300 yuan/mt, up 1.19%.