Copper - LME copper opened at $9,121.5/mt overnight, initially reaching a high of $9,142.5/mt before declining throughout the session. Near the close, it briefly rebounded but continued to fall, touching a low of $9,006/mt and finally closing at $9,007.5/mt, down 1.5%. Trading volume reached 30,000 lots, and open interest was 278,000 lots. The most-traded SHFE copper 2412 contract opened at 74,080 yuan/mt overnight, initially reaching a high of 74,430 yuan/mt before declining throughout the session and then touching a low of 73,720 yuan/mt. Near the close, it briefly rebounded and finally closed at 73,960 yuan/mt, down 0.98%. Trading volume reached 42,000 lots, and open interest was 152,000 lots.

Aluminum - Overnight, the most-traded SHFE aluminum 2412 contract opened at 20,765 yuan/mt, reaching a high of 20,820 yuan/mt and a low of 20,680 yuan/mt, and closed at 20,755 yuan/mt, down 65 yuan/mt from the previous close, a decrease of 0.31%. The trading volume was 44,200 lots, and the open interest was 151,400 lots, with a daily reduction of 3,500 lots. On the previous trading day, LME aluminum opened at $2,565/mt, reached a high of $2,569/mt, a low of $2,518/mt, and closed at $2,528/mt, down $35/mt, a decrease of 1.73%.

Lead - Overnight, LME lead opened at $2,022.5/mt. During the Asian session, buoyed by the rise in SHFE lead, LME lead fluctuated between $2,027-2,037/mt. Entering the European session, the US dollar index continued to rise, hitting a nearly one-year high, putting pressure on base metals. LME lead also dropped, hitting a low of $2,003/mt, the lowest in nearly half a month, and finally closed at $2,010/mt, down 0.69%. Overnight, the most-traded SHFE lead 2412 contract opened at 17,140 yuan/mt. With the accumulation of lead warehouse warrant inventory, SHFE lead plunged at the beginning of the session, falling to 17,055 yuan/mt. In the spot market, the limited circulating goods contrasted sharply with the high inventory in the delivery warehouse, leading to a stalemate between long and short positions. In the latter part of the trading session, SHFE lead consolidated between 17,070-17,100 yuan/mt. It finally closed at 17,115 yuan/mt, down 0.35%; open interest was 43,123 lots, a decrease of 1,279 lots from the previous trading day.

Zinc - Overnight, LME zinc opened at $2,948/mt, initially moving downward along the daily moving average to a low of $2,905/mt. LME zinc then rebounded from the low, twice surging to a high of $2,993/mt, before dropping back slightly and closing up at $2,970.5/mt, up $24/mt, or 0.81%. Trading volume increased to 11,929 lots, and open interest rose by 2,835 lots to 247,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 24,675 yuan/mt, initially dipping to 24,665 yuan/mt, then fluctuating around the daily moving average, and nearing the close, it surged to a high of 24,995 yuan/mt, finally closing up at 24,925 yuan/mt, up 340 yuan/mt, or 1.38%. Trading volume decreased to 109,000 lots, and open interest increased by 1,970 lots to 106,000 lots. 

Nickel - On November 13, Jinchuan nickel was quoted at a premium of 1,800-2,000 yuan/mt, with an average of 1,900 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, down 50 yuan/mt from the previous trading day.