Copper - LME copper opened at $9,041/mt overnight, initially fluctuating slightly upward to a high of $9,081/mt during the session, then fluctuating downward to a low of $9,019/mt near the close, and finally closing at $9,044/mt, up 0.8%. Trading volume reached 15,000 lots, and open interest was 271,000 lots. The most-traded SHFE copper 2501 contract opened at 74,160 yuan/mt overnight, initially dipping to 73,970 yuan/mt, then fluctuating rangebound to a high of 74,210 yuan/mt during the session, and finally closing at 74,120 yuan/mt, up 0.2%. Trading volume reached 21,000 lots, and open interest was 146,000 lots.

Aluminum - Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,590 yuan/mt, reached a high of 20,705 yuan/mt, a low of 20,565 yuan/mt, and closed at 20,670 yuan/mt, up 135 yuan/mt from the previous day, an increase of 0.66%. Yesterday, LME aluminum opened at $2,632.5/mt, hit a high of $2,643/mt, a low of $2,610/mt, and closed at $2,630/mt, down $1.5/mt, a decrease of 0.06%.

Lead - Overnight, LME lead opened with a gap at $2,022.5/mt, fluctuated upward during the Asian session, and reached a high of $2,048/mt, boosted by destocking and increased long positions in the European session. It then plunged to a low of $2,018.5/mt before closing at $2,022.5/mt, up 0.22%. Overnight, the most-traded SHFE lead 2501 contract opened at 17,185 yuan/mt, briefly touched a low of 17,170 yuan/mt at the beginning of the session, then fluctuated rangebound around the daily moving average, and finally closed at 17,190 yuan/mt, up 1.63%.

Zinc - Overnight, LME zinc opened at $2,982/mt. In the early session, LME zinc fluctuated around the daily average. During the European trading hours, LME zinc fluctuated upward above the daily average, reaching a high of $2,032/mt. By the end of the session, LME zinc fluctuated rangebound around $3,015/mt, closing up at $3,020/mt, an increase of $48/mt or 1.62%. Trading volume increased to 78,108 lots, and open interest increased by 372 lots to 245,000 lots. Overnight, the most-traded SHFE zinc 2412 contract opened at 25,225 yuan/mt. In the early session, shorts reduced positions, and SHFE zinc fluctuated upward above the daily average, reaching a high of 25,445 yuan/mt by the end of the session, closing up at 25,430 yuan/mt. Trading volume decreased to 32,386 lots, and open interest decreased by 2,718 lots to 79,514 lots.

Nickel - The mainstream spot premium for Jinchuan #1 nickel was 3,100-3,500 yuan/mt, with an average of 3,300 yuan/mt, up 150 yuan/mt compared to the previous trading day. The spot premium for Norilsk nickel was -300-100 yuan/mt, with an average discount of 100 yuan/mt, down 25 yuan/mt compared to the previous trading day.