Copper - Overnight, LME copper opened at $9,540.5/mt, initially rose to a high of $9,602.5/mt, then fluctuated downward throughout the session, reaching a low of $9,520/mt near the close, and finally settled at $9,520/mt, down 1.33%. Trading volume reached 22,000 lots, and open interest was 283,000 lots. Overnight, the most-traded SHFE copper 2411 contract opened at 76,340 yuan/mt, initially moved slightly upward before declining to a low of 76,380 yuan/mt, then rose to a high of 76,710 yuan/mt, and fluctuated throughout the session, finally closing at 76,590 yuan/mt, down 0.39%. Trading volume reached 29,000 lots, and open interest was 152,000 lots.
Aluminum - Overnight, the most-traded SHFE aluminum 2411 contract opened at 20,570 yuan/mt, reaching a high of 20,730 yuan/mt and a low of 20,560 yuan/mt, closing at 20,675 yuan/mt, up by 70 yuan/mt or 0.34% from the previous close. On Tuesday, LME aluminum opened at $2,600.5/mt, with a high of $2,606/mt and a low of $2,535.5/mt, closing at $2,671.5/mt, down by $24.5/mt or 0.94%.
Lead - Overnight, LME lead opened at $2,065.5/mt. Due to the strengthening US dollar index, it fluctuated downward after the opening, reaching a low of $2,035.5/mt during the European session. It then rebounded and closed at $2,078.5/mt, up 0.29%. Overnight, the most-traded SHFE lead 2411 contract opened at 16,495 yuan/mt, briefly touched a low of 16,460 yuan/mt at the beginning of the session, and then was boosted by the rise in LME lead to reach 16,770 yuan/mt, finally closing at 16,780 yuan/mt, with an increase of 1.7%.
Zinc - Overnight, LME zinc opened at $3,087/mt, initially reaching a high of $3,092/mt, then fluctuated downward to a low of $2,992/mt, before rebounding from the low to recover some losses, finally closing down at $3,052/mt, a decrease of $42.5/mt, or 1.37%. Trading volume decreased to 12,804 lots, and open interest decreased by 2,523 lots to 260,000 lots. Overnight, the most-traded SHFE zinc 2411 contract opened at 24,800 yuan/mt, initially dipping to 24,780 yuan/mt, then fluctuated upward along the daily moving average, reaching a high of 25,150 yuan/mt near the close, finally closing up at 25,090 yuan/mt, an increase of 135 yuan/mt, or 0.54%. Trading volume decreased to 69,930 lots, and open interest decreased by 543 lots to 110,000 lots.
Nickel - On October 15, Jinchuan nickel was quoted at a premium of 1,200-1,500 yuan/mt, with an average of 1,350 yuan/mt, down 100 yuan/mt compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-200 yuan/mt, with an average of 300 yuan/mt, remaining unchanged from the previous trading day.