Copper - LME copper opened at $9,098/mt overnight. After a slight rise in early trading, it fell to an intraday low of $9,044/mt, and then climbed all the way up, peaking at $9,145/mt before closing at $9,138/mt, a 1.32% increase. The trading volume was 17,000 lots and open interest was 272,000 lots. The most-traded SHFE copper 2410 contract opened and peaked at 73,330 yuan/mt, then fell to an intraday low of 72,710 yuan/mt before climbing back up, and finally closed at 73,100 yuan/mt, a 0.51% increase. The trading volume was 35,000 lots and open interest was 154,000 lots.
Aluminum - Overnight, the most-traded SHFE aluminum 2410 contract opened at 19,450 yuan/mt, reached a high of 19,495 yuan/mt, a low of 19,385 yuan/mt, and closed at 19,465 yuan/mt, up by 15 yuan/mt, an increase of 0.08%. On Wednesday, LME aluminum opened at $2,342/mt, reached a high of $2,379.5/mt, a low of $2,337/mt, and closed at $2,379.5/mt, up by $37.5/mt, an increase of 1.60%.
Lead - Overnight, LME lead opened at $1,956/mt. During the Asian session, it rose slightly, and in the European session, it fluctuated upward, reaching as high as $2,000/mt. Before the close, it saw a slight pullback, finally closing at $1,989.5/mt, up $34.5/mt or 1.76%. Overnight, the most-traded SHFE lead 2410 contract opened at 16,635 yuan/mt. After lightly touching a high of 16,645 yuan/mt in the early session, it declined to a low of 16,525 yuan/mt. Subsequently, it rose to around 16,600 yuan/mt, and eventually closed at 16,580 yuan/mt, up 115 yuan/mt, or 0.7%.
Zinc - Overnight, LME zinc opened at $2,706/mt. During the early trading hours, LME zinc briefly fluctuated around the daily average, dipping to $2,692/mt. During the midday, LME zinc trended upwards, retreated to near the daily average during the night session, and surged again at the close to a high of $2,800/mt, ending up $90/mt at $2,797/mt, an increase of 3.32%. Trading volume increased to 13,494 lots, and open interest rose by 1,100 lots to 236,000 lots. Overnight, the most-traded SHFE zinc 2410 contract opened at 23,025 yuan/mt. After the opening, SHFE zinc slowly trended downwards to a low of 22,820 yuan/mt, then fluctuated upwards to a high of 23,095 yuan/mt, finally closing up 140 yuan/mt at 23,085 yuan/mt, an increase of 0.61%. Trading volume decreased to 91,897 lots, and open interest decreased by 2,455 lots to 84,017 lots.
Nickel - On September 11, Jinchuan nickel was quoted at a premium of 1,900-2,200 yuan/mt, with an average of 2,050 yuan/mt, up 250 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 300 yuan/mt to a premium of 100 yuan/mt, with an average discount of 100 yuan/mt, unchanged from the previous trading day.