Copper - LME copper opened at $8,954/mt overnight, experienced wide fluctuations initially and hit a session low of $8,915/mt. It then rebounded, reaching a session high of $9,046.5/mt, and finally closed at $9,031/mt, up 0.07%. Trading volume reached 19,000 lots, and open interest reached 291,000 lots. Overnight, the most-traded SHFE 2409 copper contract opened at 73,040 yuan/mt and initially fluctuated downward, hitting a session low of 72,740 yuan/mt. It then rebounded, reaching a session high of 73,580 yuan/mt, and finally closed at 73,510 yuan/mt, up 0.04%. Trading volume reached 70,000 lots, and open interest reached 181,000 lots.
Aluminum - The most-traded SHFE aluminum 2409 contract opened at 18,840 yuan/mt overnight, reaching a high of 19,040 yuan/mt and a low of 18,790 yuan/mt, and closed at 19,010 yuan/mt, up 60 yuan/mt, or 0.32%. The previous trading day, LME aluminum opened at $2,249.5/mt, hit a high of $2,253/mt and a low of $2,209.5/mt, and closed at $2,238/mt, down $9/mt, or 0.40%.
Lead - Overnight, LME lead opened at $2,038.5/mt, fluctuated downward during the Asian session, dipped to $2,030/mt in the European session, and after a slight consolidation, closed at $2,035.5/mt, down $27/mt, a decrease of 1.31%. Overnight, the most-traded SHFE 2409 lead contract opened at 18,460 yuan/mt, slightly consolidated at the beginning of the session, and then climbed to a high of 18,970 yuan/mt. It slightly fell to around 18,800 yuan/mt, and closed at 18,835 yuan/mt, up 145 yuan/mt, an increase of 0.78%.
Zinc - Overnight, LME zinc opened at $2,641/mt. After the opening, LME zinc fluctuated widely around the average daily line, reaching a high of $2,651/mt during the midday session. It then retreated and fell to a low of $2,615/mt. At the end of the trading session, LME zinc rose again and closed at $2,650.5/mt, up $11.5/mt, or 0.44%. The trading volume increased to 9,714 lots, and the open interest rose by 3,355 lots to 221,000 lots. LME zinc inventory decreased by 2,125 mt to 238,425 mt, a drop of 0.88%. Overnight, the most-traded SHFE zinc 2409 contract opened at 22,450 yuan/mt. At the beginning of the session, SHFE zinc fell to 22,360 yuan/mt, then fluctuated upwards above the average daily line, reaching a high of 22,685 yuan/mt. Subsequently, SHFE zinc retreated to near the average daily line, and at the end of the trading session, it rose again and closed at 22,650 yuan/mt, up 155 yuan/mt, or 0.69%. The trading volume increased to 97,354 lots, and the open interest decreased by 1,423 lots to 92,536 lots.
Nickel - On July 30, Jinchuan nickel was quoted at a premium of 1,900-2,000 yuan/mt, with an average of 1,950 yuan/mt, down 200 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 0-300 yuan/mt, with an average of 150 yuan/mt, down 225 yuan/mt compared to the previous trading day.
Tin - In the night session yesterday, the most-traded SHFE tin futures contract closed at 244,360 yuan/mt, down by 70 yuan/mt, a decrease of 0.03%, with a high of 244,980 yuan/mt and a low of 237,830 yuan/mt.