Copper - Last night, LME copper opened at $9,120/mt. It initially peaked at $9,124.5/mt, then fluctuated downwards to a low of $9,051.5/mt. Towards the end of trading, it rose again, finally closing at $9,096.5/mt, up 1.59%. The trading volume was 16,000 lots and open interest was 279,000 lots. The most-traded SHFE copper 2410 contract opened and peaked at 72,860 yuan/mt. It initially dropped to a low of 72,460 yuan/mt, then fluctuated rangebound before rising near the close to a high of 72,960 yuan/mt, closing ultimately at 72,900 yuan/mt, up 1.08%. The trading volume was 39,000 lots and open interest was 157,000 lots.
Aluminum - Last night, the most-traded SHFE aluminum 2410 contract opened at 19,190 yuan/mt, hitting a high of 19,325 yuan/mt and a low of 19,155 yuan/mt before closing at 19,320 yuan/mt, up 105 yuan/mt, a 0.55% increase. On Monday, LME aluminum opened at $2,344.5/mt, reached a high of $2,365/mt and a low of $2,326.5/mt before closing at $2,362.5/mt, up $21/mt, a 0.90% increase.
Lead - Overnight, LME lead opened at $1,965.5/mt. It fluctuated downward during the Asian session, rose to a high of $1,979/mt in the European session before dropping to a low of $1,946/mt, and finally rebounded slightly before the close, closing at $1,958/mt, down $12/mt, or 0.61%. Overnight, the most-traded SHFE lead 2410 contract opened at 16,475 yuan/mt. It initially dropped to a low of 16,280 yuan/mt before rebounding to stabilize above the daily moving average, ending at 16,355 yuan/mt, down 235 yuan/mt, or 1.42%.
Zinc - Overnight, LME zinc opened at $2,701/mt. After the opening, LME zinc fluctuated rangebound around the daily moving average, rising to a high of $2,756/mt during midday, then falling below the daily moving average to a low of $2,690/mt. By the end of the session, LME zinc rebounded, moving back above the daily moving average, and finally closed at $2,731.5/mt, up $26.5/mt, or 0.98%. Trading volume decreased to 11,730 lots, while open interest increased by 2,323 lots to 232,000 lots. Overnight, the most-traded SHFE zinc 2410 contract opened at 22,940 yuan/mt. At the beginning of the session, it peaked at 22,940 yuan/mt before declining to a low of 22,690 yuan/mt, then rebounding to move above the daily moving average. It finally closed at 22,825 yuan/mt, down 20 yuan/mt or 0.09%. Trading volume decreased to 69,114 lots, and open interest decreased by 833 lots to 92,078 lots.
Nickel - On September 9, Jinchuan nickel was quoted at 1,600-1,800 yuan/mt, with an average of 1,700 yuan/mt, representing an increase of 200 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 500-0 yuan/mt, with an average of 250 yuan/mt, showing a decrease of 150 yuan/mt compared to the previous trading day.