Copper - Last Friday evening, LME copper opened at $9,745.5/mt, initially declined to $9,716.5/mt, then fluctuated upward, reaching a high of $9,817/mt near the close, and finally settled at $9,803/mt, up 0.67%. Trading volume reached 16,000 lots, and open interest was 292,000 lots. Last Friday evening, the most-traded SHFE copper 2411 contract opened at 77,370 yuan/mt, initially dipped to 77,340 yuan/mt, then rose, reaching a high of 78,050 yuan/mt near the close, and finally settled at 78,020 yuan/mt, up 0.96%. Trading volume reached 33,000 lots, and open interest was 161,000 lots.
Aluminum - Last Friday night, the most-traded SHFE aluminum 2411 contract opened with a gap at 20,940 yuan/mt, reaching a high of 20,990 yuan/mt and a low of 20,875 yuan/mt, closing at 20,955 yuan/mt, up 130 yuan/mt, a 0.62% increase. Last Friday, LME aluminum opened at $2,592/mt, with a high of $2,663/mt and a low of $2,588.5/mt, closing at $2,638/mt, up $47/mt, a 1.81% increase.
Lead - Last Friday, LME lead opened at $2,071/mt, briefly touched a low of $2,070/mt during the Asian session, and then rebounded. Due to a weaker US dollar index, base metals rose across the board during the European session, with LME lead fluctuating upward to a high of $2,100/mt, closing at $2,100/mt, up 1.25%. Last Friday night, the most-traded SHFE lead 2411 contract opened at 16,805 yuan/mt, briefly touched a low of 16,760 yuan/mt at the beginning of the session, and was boosted by LME lead to a high of 16,980 yuan/mt, closing at 16,950 yuan/mt, up 1.83%.
Zinc - Last Friday, LME zinc opened at $3,096.5/mt. After opening, LME zinc fluctuated around the daily average line, dipped slightly to $3,081/mt at midday, then rebounded and rose all the way, peaking at $3,160/mt by the end of the session, closing up at $3,156/mt, an increase of $57/mt, or 1.84%. Trading volume decreased to 10,637 lots, and open interest increased by 1,473 lots to 262,000 lots. Last Friday, the most-traded SHFE zinc 2411 contract opened at 25,450 yuan/mt. Initially, SHFE zinc dipped to 25,400 yuan/mt, then rose all the way, peaking at 25,780 yuan/mt by the end of the session, closing up at 25,760 yuan/mt, an increase of 410 yuan/mt, or 1.62%. Trading volume decreased to 76,617 lots, and open interest increased by 2,690 lots to 122,000 lots.
Nickel - Last week, nickel prices fluctuated within a range, with macro factors continuing to exert influence. Macro side, post-holiday market sentiment remained strong due to policy benefits, but a downward trend has emerged. This caused SHFE nickel futures to mainly fluctuate between 132,000-135,000 yuan/mt during the week.