Copper - LME copper opened overnight at $9,529/mt, declined steadily from the beginning to the middle of the session, and touched a low of $9,302/mt before closing at $9,321/mt, down 4.23%. Trading volume reached 45,000 lots, and open interest was 278,000 lots. The most-traded SHFE copper 2412 contract opened overnight at 76,090 yuan/mt, fluctuated downward initially, touched a low of 75,520 yuan/mt during the session, and then slightly fluctuated upward towards the end, closing at 75,770 yuan/mt, down 2.19%. Trading volume reached 69,000 lots, and open interest was 157,000 lots.
Aluminum - The most-traded SHFE aluminum 2412 contract opened at 20,875 yuan/mt overnight, reaching a high of 21,005 yuan/mt and a low of 20,825 yuan/mt, and closed at 20,980 yuan/mt, down 220 yuan/mt from the previous close, a decrease of 1.04%. Trading volume was 80,000 lots, open interest was 198,000 lots, with a daily reduction of 5,774 lots. On Wednesday, LME aluminum opened at $2,639/mt, reached a high of $2,653/mt, a low of $2,568.5/mt, and closed at $2,615/mt, down $44/mt, a decrease of 1.65%.
Lead - Overnight, LME lead opened at $2,022/mt, fluctuated downward to a low of $2,005.5/mt during the Asian session, fluctuated upward after entering the European session, peaked at $2,049.5/mt by the end of the session, and finally closed at $2,046/mt, up 0.86%. Overnight, the most-traded SHFE lead 2412 contract opened at 16,715 yuan/mt, briefly touched a low of 16,655 yuan/mt at the beginning of the session, then fluctuated upward due to shorts reducing positions, peaked at 16,795 yuan/mt, and finally closed at 16,755 yuan/mt, up 0.48%.
Zinc - Overnight, LME zinc opened at $3,085.5/mt, an intraday high. Later, LME zinc fluctuated widely along the daily moving average. After Trump's victory, due to concerns about demand, bulls reduced their positions, and LME zinc fluctuated downward, hitting a low of $2,960/mt at the end of the session, finally closing down at $2,966/mt, a drop of $144.5/mt, or 4.65%. Trading volume increased to 14,908 lots, and open interest decreased by 3,516 lots to 247,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 24,665 yuan/mt. At the beginning of the session, bulls reduced their positions, causing SHFE zinc to briefly dip to 24,605 yuan/mt. Later, SHFE zinc's focus shifted upward to around 24,725 yuan/mt. Subsequently, bears reduced their positions, and SHFE zinc's focus moved upward, reaching a high of 24,880 yuan/mt at the end of the session. SHFE zinc finally closed down at 24,800 yuan/mt, a drop of 155 yuan/mt, or 0.62%. Trading volume decreased to 86,425 lots, and open interest decreased by 222 lots to 102,000 lots.
Nickel - On November 6, Jinchuan nickel was quoted at a premium of 1,700-1,800 yuan/mt, with an average of 1,750 yuan/mt, remaining unchanged from the previous trading day. Norilsk nickel was quoted at a discount of 400-0 yuan/mt, with an average of 200 yuan/mt, also unchanged from the previous trading day.