Copper - LME copper opened at $9,076/mt overnight, initially reaching a high of $9,077/mt before hitting a low of $8,984/mt. By the end of the trading session, it had slightly rebounded, closing at $9,025/mt, down 0.53%. Trading volume reached 16,000 lots, and open interest was 289,000 lots. Overnight, the most-traded SHFE 2409 copper contract opened at 73,700 yuan/mt, initially experiencing slight fluctuations. It then moved slightly higher before hitting a session low of 73,470 yuan/mt. By the end of the session, it rebounded, reaching a high of 74,010 yuan/mt, and closed at 73,880 yuan/mt, up 0.63%. Trading volume reached 56,000 lots, and open interest was 174,000 lots.
Aluminum - Overnight, the most-traded SHFE aluminum 2409 contract opened at 19,145 yuan/mt, reaching a high of 19,205 yuan/mt and a low of 19,090 yuan/mt, and closed at 19,140 yuan/mt, down 55 yuan/mt, a decrease of 0.29%. The previous trading day, LME aluminum opened at $2,287/mt, reached a high of $2,299/mt, a low of $2,239.5/mt, and closed at $2,247/mt, down $34/mt, a decrease of 1.49%.
Lead - Overnight, LME lead opened at $2,072.5/mt, consolidated around the daily moving average during the Asian session, briefly touched a high of $2,094/mt, and then retreated under pressure during the European session. LME lead fluctuated upward, reaching a high of $2,083.5/mt, and dipped to a low of $2,060/mt, down $13.5/mt, a decrease of 0.65%. Overnight, the most-traded SHFE 2409 lead contract opened at 18,710 yuan/mt, initially fell to a low of 18,650 yuan/mt, then rebounded to a high of 18,760 yuan/mt, consolidated around the daily moving average, and finally closed at 18,745 yuan/mt, up 80 yuan/mt, an increase of 0.43%.
Zinc - Overnight, LME zinc opened at $2,679/mt. At the beginning of the session, LME zinc quickly rose to a high of $2,697.5/mt, then fluctuated downward, hitting a low of $2,631/mt near the end of the trading session, and finally closed lower at $2,639/mt, down $24/mt, a decrease of 0.9%. Trading volume increased to 9,226 lots, and open interest reduced by 2,360 lots to 217,000 lots. Overnight, SHFE zinc 2409 contract opened at 22,705 yuan/mt. At the beginning of the session, SHFE zinc fluctuated around the average daily line, reaching a high of 22,760 yuan/mt. Subsequently, SHFE zinc fluctuated downward to a low of 22,545 yuan/mt. Bears reduced their positions, and SHFE zinc rebounded to near the average daily line, finally closing lower at 22,645 yuan/mt, down 145 yuan/mt, a decrease of 0.64%. Trading volume reduced to 68,392 lots, and open interest increased by 1,495 lots to 93,278 lots.
Nickel - On July 29, Jinchuan nickel was quoted at a premium of 2,000-2,200 yuan/mt, with an average of 2,100 yuan/mt, down 50 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 50 yuan/mt to a premium of 200 yuan/mt, with an average premium of 75 yuan/mt, flat compared to the previous trading day.
Tin - In the night session yesterday, the most-traded SHFE tin contract closed at 245,790 yuan/mt, down 1,860 yuan/mt, a decrease of 0.75%. The highest price was 246,800 yuan/mt, and the lowest was 244,000 yuan/mt.