Copper - LME copper opened at $9,126/mt overnight, hitting a session low of $9,120/mt at the beginning of trading. It then fluctuated upwards, reaching an intraday high of $9,267/mt. By the end of the trading session, it slightly fluctuated around $9,210/mt and finally closed at $9,240/mt, up 2.31%. Trading volume reached 20,000 lots, and open interest reached 292,000 lots. Overnight, the most-traded SHFE 2409 copper contract opened at 74,690 yuan/mt, hitting a session low of 74,540 yuan/mt at the beginning of trading. It then moved higher, reaching an intraday high of 75,150 yuan/mt, and maintained slight fluctuations by the end of the trading session, finally closing at 74,970 yuan/mt, up 1.86%. Trading volume reached 55,000 lots, and open interest reached 180,000 lots.
Aluminum - The most-traded SHFE 2409 aluminum contract opened at 19,295 yuan/mt overnight, reaching a high of 19,355 yuan/mt and a low of 19,205 yuan/mt, and closed at 19,310 yuan/mt, up 175 yuan/mt, or 0.91%. The previous trading day, LME aluminum opened at $2,234.5/mt, reached a high of $2,324.5/mt and a low of $2,229.5/mt, and closed at $2,315/mt, up $77/mt, or 3.44%.
Lead - Overnight, LME lead opened at $2,038.5/mt. During the Asian session, it consolidated around the daily moving average. Entering the European session, amid a generally rising atmosphere for base metals due to the intensified decline of the dollar, LME lead strengthened all the way to a high of $2,100/mt, and finally closed at $2,099.5/mt, up $64/mt, an increase of 3.14%. Overnight, the most-traded SHFE 2409 lead contract opened at 18,820 yuan/mt. After initially declining to a low of 18,760 yuan/mt, it rebounded and rose to a high of 18,970 yuan/mt, supported by the strength in LME lead. After consolidating, it finally closed at 18,950 yuan/mt, up 180 yuan/mt, an increase of 0.96%.
Zinc - Overnight, LME zinc opened at $2,645/mt. After the opening, LME zinc moved along the average daily line, initially dipping to $2,645/mt. During the night session, LME zinc quickly surged to a high of $2,719/mt, then fell back to near the average daily line, and finally closed higher at $2,698/mt, up $47.5/mt, an increase of 1.79%. Trading volume increased to 11,373 lots, and open interest rose by 425 lots to 221,000 lots. Overnight, the most-traded SHFE zinc 2409 contract opened at 22,850 yuan/mt. At the beginning of the session, SHFE zinc moved around the average daily line, reaching a high of 22,910 yuan/mt, then fell below the average daily line and fluctuated. Approaching the end of the trading session, SHFE zinc dipped to 22,755 yuan/mt and finally closed lower at 22,810 yuan/mt, down 30 yuan/mt, a decrease of 0.13%. Trading volume reduced to 72,697 lots, and open interest increased by 342 lots to 90,105 lots.
Nickel - On July 31, Jinchuan nickel was quoted at a premium of 1,600-2,000 yuan/mt, with an average of 1,800 yuan/mt, down 150 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 300 yuan/mt to a premium of 200 yuan/mt, with an average discount of 50 yuan/mt, up 100 yuan/mt from the previous trading day.
Tin - In the night session yesterday, the most-traded SHFE tin contract closed at 251,640 yuan/mt, up 7,670 yuan/mt, an increase of 3.14%. The highest price was 252,700 yuan/mt, and the lowest was 248,510 yuan/mt.