Copper - Overnight, LME copper opened and peaked at $9,046/mt, initially fluctuated downward to $8,985/mt, rebounded during the session, and finally closed at $9,018/mt, up 0.62%, with trading volume reaching 15,000 lots and open interest at 271,000 lots. The most-traded SHFE copper 2501 contract opened at 74,040 yuan/mt, initially dipped to 73,720 yuan/mt, and finally closed at 73,800 yuan/mt, down 0.2%, with trading volume reaching 27,000 lots and open interest at 153,000 lots.
Aluminum - Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,555 yuan/mt, reached a high of 20,570 yuan/mt, a low of 20,320 yuan/mt, and closed at 20,415 yuan/mt, down 130 yuan/mt from the previous day, a decrease of 0.63%. Yesterday, LME aluminum opened at $2,606/mt, reached a high of $2,630/mt, a low of $2,581/mt, and closed at $2,602/mt, down $7/mt, a decrease of 0.27%.
Lead - Overnight, LME lead opened at a low of $2,019.5/mt and fluctuated upward during the Asian session. In the European session, shorts continued to reduce positions, and LME lead remained strong and upward, finally closing at a high of $2,060/mt, up 2.49%. Overnight, the most-traded SHFE lead 2501 contract opened at 17,250 yuan/mt and briefly touched a low of 17,220 yuan/mt at the beginning of the session. Boosted by tight spot supply due to the maintenance of several new domestic smelters, bulls increased positions, pushing SHFE lead up to 17,430 yuan/mt, and it finally closed at 17,415 yuan/mt, up 1.02%.
Zinc - Overnight, LME zinc opened at $3,064/mt. Initially, LME zinc's upward movement was obstructed, dipping to $3,054/mt. Subsequently, LME zinc fluctuated upward above the daily average, reaching a high of $3,149/mt. It then fluctuated downward near the daily average, with the center of gravity slightly descending below the daily average before recovering, fluctuating around $3,130/mt. It finally closed up at $3,140/mt, an increase of $75/mt, or 2.45%. Trading volume decreased to 99,794 lots, and open interest increased by 2,045 lots to 247,000 lots. Overnight, the most-traded SHFE zinc 2501 contract opened at 25,800 yuan/mt. Initially, SHFE zinc slightly declined below the daily average, dipping to 25,685 yuan/mt. Subsequently, with increased positions from bulls, SHFE zinc's center of gravity moved upward, fluctuating rangebound around 26,000 yuan/mt, reaching a high of 26,065 yuan/mt. It finally closed up at 26,050 yuan/mt, an increase of 210 yuan/mt, or 0.81%. Trading volume decreased to 180,000 lots, and open interest increased by 13,071 lots to 177,000 lots.
Nickel - Futures market: On November 27, SHFE nickel maintained a fluctuating trend in the morning session, initially continuing the decline from the night session before rebounding. The midday closing price fell by 2,020 yuan/mt to 126,250 yuan/mt, a decrease of 1.09%.