Copper - Overnight, LME copper opened at $9,020.5/mt, initially moved downward into a narrow rangebound fluctuation, hitting a low of $8,956/mt. It then fluctuated upward, reaching a high of $9,061/mt near the session's end, and finally closed at $9,051/mt, up by 0.79%. Trading volume reached 19,000 lots, and open interest stood at 262,000 lots. Overnight, the most-traded SHFE copper 2502 contract opened at 74,300 yuan/mt, initially hitting a low of 74,220 yuan/mt before fluctuating upward. It reached a high of 74,830 yuan/mt near the session's end and finally closed at 74,780 yuan/mt, up by 0.46%. Trading volume reached 24,000 lots, and open interest stood at 141,000 lots.
Aluminum - Futures Market: Overnight, the most-traded SHFE aluminum 2502 contract opened at 19,670 yuan/mt, hit a high of 19,680 yuan/mt, a low of 19,610 yuan/mt, and closed at 19,675 yuan/mt, down 55 yuan/mt or 0.28%. Yesterday, LME aluminum opened at $2,522/mt, reached a high of $2,529/mt, a low of $2,490/mt, and closed at $2,508/mt, down $14.5/mt or 0.57%.
Lead - Overnight, LME lead opened at $1,970/mt, fluctuating rangebound during the Asian session. Entering the European session, LME lead first rose and then fell, reaching a high of $1,972/mt before plunging. With the US dollar index fluctuating at highs, LME lead faced pressure and dropped to a low of $1,928/mt, finally closing at $1,930.5/mt, down 2.13%. Overnight, the most-traded SHFE lead 2502 contract opened lower with a gap at 16,680 yuan/mt, briefly touching a high of 16,690 yuan/mt at the beginning of the session. It fluctuated rangebound during the session, hitting a low of 16,625 yuan/mt and closing at 16,630 yuan/mt, down 0.72%.
Zinc - Overnight, LME zinc opened at $2,874/mt, initially reaching a high of $2,882/mt. After the opening, it trended downward along the daily moving average, hitting a low of $2,810/mt during the night session. Subsequently, LME zinc fluctuated around $2,825/mt and eventually closed lower at $2,822.5/mt, down by $56.5/mt or 1.96%. Trading volume increased to 14,595 lots, while open interest decreased by 2,118 lots to 216,000 lots. Overnight, the most-traded SHFE zinc 2502 contract opened at 24,070 yuan/mt, initially reaching a high of 24,080 yuan/mt. After the opening, it quickly declined to a low of 23,815 yuan/mt, then rebounded from the low to fluctuate near the daily moving average. It eventually closed lower at 23,950 yuan/mt, down by 275 yuan/mt or 1.14%. Trading volume increased to 99,888 lots, while open interest rose by 100 lots to 103,000 lots.
Nickel - Spot Premiums/Discounts: The mainstream spot premium quotation range for Jinchuan No.1 nickel is 3,300-3,600 yuan/mt, with an average premium of 3,450 yuan/mt, down by 100 yuan. The Russian nickel premium/discount quotation range is -200 to 100 yuan/mt, with an average premium/discount of -50 yuan/mt, down by 50 yuan. Futures Market: In the morning, nickel prices rose by over 1%, increasing by 1,820 yuan to 125,030 yuan, with a decline of 1.4%.