Copper - Overnight, LME copper opened at $9,160.5/mt, initially declined to a low of $9,107.5/mt during the session, then fluctuated upward, reaching a high of $9,170/mt by the end of the session, and finally closed at $9,164/mt, with open interest at 280,000 lots. Overnight, the most-traded SHFE copper 2503 contract opened at 75,500 yuan/mt, initially fluctuated widely and hit a low of 75,360 yuan/mt, then climbed steadily, reaching a high of 75,750 yuan/mt by the end of the session, before slightly retreating to close at 75,670 yuan/mt, up by 0.33%, with trading volume at 17,000 lots and open interest at 150,000 lots.
Aluminum - Overnight, the most-traded SHFE aluminum 2503 contract opened at 20,285 yuan/mt, hitting a high of 20,300 yuan/mt and a low of 20,185 yuan/mt, before closing at 20,230 yuan/mt, down 70 yuan/mt or 0.35%. Overnight, LME aluminum opened at $2,575/mt, peaked at $2,602/mt, bottomed at $2,553/mt, and closed at $2,573.5/mt, unchanged from the previous trading day.
Lead - Overnight, LME lead opened at $1,952.5/mt. During the Asian session, trading was sluggish with LME lead fluctuating between $1,945-1,950/mt. Later, the US dollar index reversed and pulled back, while LME lead inventory declined. During the night session, LME lead stopped falling and rebounded, eventually closing at $1,969/mt, up 1.08%. Overnight, the most-traded SHFE lead 2502 contract opened at 16,530 yuan/mt. Pressure from inventory buildup due to lead ingot delivery persisted, while battery scrap prices rose against the trend, pushing up secondary lead costs. SHFE lead surged strongly after the opening, reaching a high of 16,680 yuan/mt. By the close, longs took profits, and SHFE lead gave back part of its gains, finally settling at 16,625 yuan/mt, up 0.82%. Its open interest decreased by 2,757 lots to 32,242 lots compared to the previous trading day.
Zinc - Overnight, LME zinc opened at $2,869.5/mt. In early trading, LME zinc fluctuated around the daily moving average before its center shifted downward to test a low of $2,845.5/mt. During European trading hours, the center moved upward to $2,880/mt, reaching a high of $2,888/mt during the night session. By the end of the session, the center pulled back, closing down at $2,868.5/mt, a decrease of $7.5/mt or 0.26%. Trading volume increased to 11,145 lots, while open interest decreased by 1,792 lots to 217,000 lots. Overnight, the most-traded SHFE zinc 2502 contract opened at 24,155 yuan/mt. After an initial tug-of-war between longs and shorts, the bulls gained the upper hand, pushing the price to a high of 24,255 yuan/mt. Subsequently, increased short positions caused the center of SHFE zinc to shift downward, closing down at 24,155 yuan/mt, a decrease of 15 yuan/mt or 0.06%. Trading volume decreased to 51,711 lots, while open interest decreased by 998 lots to 94,145 lots.
Nickel - Battery-grade nickel sulphate index price was 26,423 yuan/mt, with the quotation range for battery-grade nickel sulphate at 26,050-26,950 yuan/mt, and the average price remained unchanged from the previous day. Cost side, LME nickel prices rebounded slightly today to $15,860/mt