Copper - LME copper opened at $9,491/mt overnight, initially fluctuating upward to a high of $9,542/mt, then declining to a low of $9,477.5/mt near the close, and finally rebounding slightly to close at $9,506.5/mt, down 0.88%. Trading volume reached 21,000 lots, and open interest was 278,000 lots. The most-traded SHFE copper 2411 contract opened at 76,300 yuan/mt overnight, initially fluctuating rangebound to a high of 76,530 yuan/mt, then declining to a low of 76,110 yuan/mt near the close, and finally rebounding slightly to close at 76,410 yuan/mt, down 0.4%. Trading volume reached 22,000 lots, and open interest was 137,000 lots.
Aluminum - Overnight, the most-traded SHFE aluminum 2412 contract opened at 20,565 yuan/mt, reaching a high of 20,635 yuan/mt and a low of 20,550 yuan/mt, closing at 20,565 yuan/mt, up 35 yuan/mt or 0.17% from the previous close. On Thursday, LME aluminum opened at $2,581.5/mt, hitting a high of $2,598/mt and a low of $2,543/mt, closing at $2,557.5/mt, down $30/mt or 1.16%.
Lead - Overnight, LME lead opened at $2,090/mt, fluctuated upward after the opening, peaked at $2,102.5/mt during the European session, but weakened due to market concerns over downstream consumption and a stronger US dollar index. It dipped to $2,065/mt at the end of the session and closed at $2,068.5/mt, down 0.79%. Overnight, the most-traded SHFE lead 2411 contract opened at 16,595 yuan/mt, briefly touched a high of 16,675 yuan/mt at the beginning of the session, then fluctuated downward due to long position reductions, hitting a low of 16,555 yuan/mt, and finally closed at 16,570 yuan/mt, down 0.9%.
Zinc - Overnight, LME zinc opened at $3,045/mt, initially fluctuated along the daily moving average, reached a high of $3,093/mt, then quickly fell to a low of $2,978/mt. Subsequently, LME zinc rebounded from the low and rose above the daily moving average, finally closing down at $3,044/mt, down $18/mt, a decrease of 0.59%. Trading volume decreased to 11,044 lots, and open interest decreased by 2,230 lots to 252,000 lots. Overnight, the most-traded SHFE zinc 2411 contract opened at 24,630 yuan/mt, initially dipped to 24,625 yuan/mt, then rose all the way to a high of 25,075 yuan/mt. Near the end of the session, SHFE zinc maintained a fluctuating trend, finally closing up at 24,950 yuan/mt, up 405 yuan/mt, an increase of 1.65%. Trading volume decreased to 96,774 lots, and open interest decreased by 242 lots to 96,305 lots.
Nickel - On October 17, Jinchuan nickel was quoted at a premium of 1,400-1,500 yuan/mt, with an average of 1,450 yuan/mt, remaining flat 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, down 25 yuan/mt compared to the previous trading day.