Copper - LME copper opened at $9,637.5/mt overnight, with the initial focus dipping to $9,617/mt. It then fluctuated upward, reaching a high of $9,717.5/mt during the session. The price slightly dropped back and maintained a fluctuating trend towards the end, finally closing at $9,676/mt, up 1.44%. The trading volume reached 20,000 lots, and the open interest was 273,000 lots. The most-traded SHFE copper 2412 contract opened at 77,060 yuan/mt overnight, initially dipping to 76,960 yuan/mt. It then fluctuated upward, reaching a high of 77,650 yuan/mt. Towards the end, the price slightly dropped back and maintained a fluctuating trend, finally closing at 77,390 yuan/mt, up 0.52%. The trading volume reached 43,000 lots, and the open interest was 169,000 lots.
Aluminum - The most-traded SHFE aluminum 2412 contract opened at 20,820 yuan/mt overnight, reaching a high of 20,845 yuan/mt and a low of 20,785 yuan/mt, closing at 20,830 yuan/mt, up 130 yuan/mt from the previous close, a decrease of 0.63%. The trading volume was 37,000 lots, and the open interest was 190,000 lots, with a daily reduction of 488 lots. LME aluminum opened at $2,601/mt, reaching a high of $2,630/mt and a low of $2,595.5/mt, closing at $2,621/mt, up $18/mt, an increase of 0.69%.
Lead - Overnight, LME lead opened at $2,049/mt. During the Asian session, it fluctuated upward to a high of $2,070.5/mt. However, due to the US dollar index's rebound and longs reducing positions, LME lead plunged during the European session, hitting a low of $2,030/mt at the close and finally settling at $2,037/mt, down 0.07%. Overnight, the most-traded SHFE lead 2412 contract opened at 16,810 yuan/mt. It initially fell to a low of 16,770 yuan/mt before rebounding, reaching a high of 16,875 yuan/mt at the close and finally settling at 16,830 yuan/mt, up 0.18%.
Zinc - Overnight, LME zinc opened at $3,073/mt. In early trading, LME zinc fluctuated upward, reaching a high of $3,104/mt during European trading hours. Subsequently, with bulls reducing positions, LME zinc fluctuated downward to around $3,033/mt, briefly touching a low of $3,016/mt, and finally closed down at $3,066/mt, a decrease of $28.5/mt or 0.94%. Trading volume decreased to 10,345 lots, and open interest decreased by 2,173 lots to 252,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 24,925 yuan/mt. In early trading, SHFE zinc briefly touched a high of 24,940 yuan/mt, then shifted downward to fluctuate around the daily moving average, briefly touching a low of 24,645 yuan/mt, and finally closed down at 24,790.5 yuan/mt, a decrease of 330 yuan/mt or 1.31%. Trading volume decreased to 110,000 lots, and open interest decreased by 1,197 lots to 109,000 lots.
Nickel - On November 4, Jinchuan nickel was quoted at a premium of 1,600-1,800 yuan/mt, with an average of 1,700 yuan/mt, remaining flat compared to the previous trading day. Norilsk nickel was quoted at a discount of 400-100 yuan/mt, with an average of 250 yuan/mt, also remaining flat compared to the previous trading day.