Copper - Overnight, LME copper opened at $8,891/mt, initially dipped to $8,872/mt, then surged during the session to a high of $9,076/mt. It slightly pulled back at the close, finally settling at $8,966/mt, up by 0.82%. Trading volume reached 28,000 lots, and open interest stood at 282,000 lots. Overnight, the most-traded SHFE copper 2502 contract opened at 74,530 yuan/mt, initially climbed to 74,680 yuan/mt, then declined to a low of 74,250 yuan/mt during the session. It rebounded and consolidated sideways at the close, finally settling at 74,500 yuan/mt, up by 1.14%. Trading volume reached 50,900 lots, and open interest stood at 148,000 lots.
Aluminum - Futures Market: Overnight, the most-traded SHFE aluminum 2502 contract opened at 19,630 yuan/mt, hit a high of 19,725 yuan/mt, a low of 19,615 yuan/mt, and closed at 19,660 yuan/mt, down 10 yuan/mt or 0.05%. Yesterday, LME aluminum opened at $2,496/mt, reached a high of $2,514.5/mt, a low of $2,477/mt, and closed at $2,491.5/mt, down $2.5/mt or 0.10%.
Lead - Overnight, LME lead opened at $1,925/mt, briefly touching a low of $1,924/mt before fluctuating upward. During the European session, LME lead reached a high of $1,955.5/mt and finally closed at $1,947.5/mt, up 1.38%. Overnight, the most-traded SHFE lead 2502 contract opened higher with a gap at 16,795 yuan/mt, then fluctuated downward to a low of 16,705 yuan/mt. Supported by the rise in the US dollar, it rebounded and closed at 16,750 yuan/mt, up 0.09%.
Zinc - Overnight, LME zinc opened at $2,895/mt. At the beginning of the session, LME zinc fluctuated around the daily moving average, briefly dipping to $2,872/mt before quickly rebounding to an intraday high of $2,934/mt. Zinc prices then pulled back below the daily moving average, ultimately closing higher at $2,895/mt, up $3.5/mt or 0.12%. Trading volume decreased to 12,259 lots, and open interest fell by 812 lots to 220,000 lots. Overnight, the most-traded SHFE zinc 2502 contract opened at 24,670 yuan/mt. After the opening, SHFE zinc briefly rose to a high of 24,760 yuan/mt before trending downward, hitting an intraday low of 24,515 yuan/mt. Subsequently, SHFE zinc's center remained basically stable, fluctuating within a narrow range, and ultimately closed higher at 24,530 yuan/mt, up 40 yuan/mt or 0.16%. Trading volume decreased to 75,522 lots, and open interest fell by 526 lots to 109,000 lots.
Nickel - Spot Premiums/Discounts: Mainstream spot premiums for Jinchuan No. 1 nickel were quoted in the range of 3,500-3,600 yuan/mt, with an average premium of 3,550 yuan/mt, up by 350 yuan. Russian nickel premiums were quoted in the range of -100 to 100 yuan/mt, with an average of 0 yuan/mt, unchanged from the previous trading day. Futures: In the morning, nickel prices fell by 0.21%, down 260 yuan to 122,660 yuan.