Copper - LME copper opened at $9,622.5/mt overnight, initially reaching a high of $9,648/mt before declining throughout the session, hitting a low of $9,513/mt near the close, and finally rebounding slightly to close at $9,550/mt, down 0.06%. Trading volume reached 22,000 lots, and open interest was 276,000 lots. The most-traded SHFE copper 2412 contract opened at 76,660 yuan/mt overnight, initially reaching a high of 77,030 yuan/mt before declining throughout the session, hitting a low of 76,470 yuan/mt during the session, and finally rebounding slightly to close at 76,570 yuan/mt, up 0.07%. Trading volume reached 45,000 lots, and open interest was 152,000 lots.

Aluminum - Overnight, the most-traded SHFE aluminum 2412 contract opened at 20,870 yuan/mt, reaching a high of 20,885 yuan/mt and a low of 20,780 yuan/mt, and closed at 20,795 yuan/mt, up 15 yuan/mt from the previous close, an increase of 0.07%. Trading volume was 46,600 lots, open interest was 205,000 lots, with a daily reduction of 1,304 lots. Yesterday, LME aluminum opened at $2,647.5/mt, reached a high of $2,682.5/mt, a low of $2,632/mt, and closed at $2,660/mt, up $8.5/mt, an increase of 0.32%.

Lead - Overnight, LME lead opened at $2,029/mt, fluctuated downward after the opening, and hit a low of $1,996/mt during the European session before rebounding to the daily moving average, finally closing at $2,008.5/mt, down $18.5/mt, a decrease of 0.91%. Overnight, the most-traded SHFE lead 2412 contract opened at 16,560 yuan/mt, initially rose to a high of 16,625 yuan/mt before weakening to a low of 16,535 yuan/mt, and then consolidated sideways, finally closing at 16,555 yuan/mt, down 130 yuan/mt, a decrease of 0.78%.

Zinc - Overnight, LME zinc opened at $3,140.5/mt, initially fluctuating around the daily average, then fluctuating downward to hover below the daily average at $3,120/mt. During European trading hours, shorts reduced positions, and LME zinc quickly rose above the daily average to $3,182/mt, then dropped back slightly to fluctuate around $3,160/mt. Subsequently, longs reduced positions, and LME zinc fluctuated downward to a low of $3,088/mt below the daily average. At the end of the session, LME zinc rose slightly again, closing down at $3,127/mt, down $24.5/mt, a decrease of 0.78%. Trading volume increased to 88,695 lots, and open interest decreased by 339 lots to 255,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 25,080 yuan/mt. Initially, longs increased positions, and SHFE zinc quickly rose to a high of 25,240 yuan/mt. Subsequently, longs took profits and exited, causing SHFE zinc to fluctuate downward to a low of 24,995 yuan/mt below the daily average. Then, shorts reduced positions, and SHFE zinc fluctuated upward, closing up at 25,070 yuan/mt, up 60 yuan/mt, an increase of 0.24%. Trading volume decreased to 80,590 lots, and open interest increased by 787 lots to 113,000 lots.

Nickel - On October 29, Jinchuan nickel was quoted at a premium of 1,600-1,800 yuan/mt, with an average of 1,700 yuan/mt, up 150 yuan/mt from the previous trading day. Norilsk nickel was quoted at a discount of 200-0 yuan/mt, with an average of 100 yuan/mt, up 50 yuan/mt from the previous trading day.