Copper - LME copper opened at $9,121/mt, briefly bottomed at $9,117/mt during early trading, then fluctuated upward, peaking at $9,219/mt near the session's end, and finally closed at $9,217/mt, up 0.58%. Trading volume reached 18,000 lots, and open interest stood at 280,000 lots. Overnight, the most-traded SHFE copper 2503 contract opened at 75,450 yuan/mt, briefly bottomed at 75,320 yuan/mt during early trading, then climbed steadily, peaking at 76,080 yuan/mt during the session, and fluctuated rangebound near the end, closing at 75,900 yuan/mt, up 0.69%. Trading volume reached 40,000 lots, and open interest stood at 159,000 lots.
Aluminum - The most-traded SHFE aluminum 2503 contract opened at 20,200 yuan/mt overnight, hitting a high of 20,280 yuan/mt and a low of 20,180 yuan/mt, and closed at 20,265 yuan/mt, up 80 yuan/mt or 0.40%. LME aluminum opened at $2,575/mt overnight, with a high of $2,607/mt and a low of $2,553/mt, closing at $2,604/mt, up $30.5/mt or 1.19%.
Lead - Overnight, LME lead opened at $1,966/mt. During the Asian session, LME lead fluctuated downward, with its center gradually moving lower. Entering the European session, LME lead inventory unexpectedly surged by nearly 20,000 mt, causing LME lead to plummet sharply to a low of $1,928/mt. During the night, LME lead attempted to recover to $1,950/mt but failed, ultimately closing at $1,934/mt, down 1.78%. Overnight, the most-traded SHFE lead 2502 contract opened at 16,500 yuan/mt. As the Chinese New Year holiday approached, market trading gradually weakened, and SHFE lead maintained a consolidating trend. Dragged down by LME lead's decline at the beginning of the session, SHFE lead briefly fell below 16,500 yuan/mt before gradually recovering its losses and moving above 16,600 yuan/mt. However, due to insufficient bullish momentum, it eventually closed at 16,550 yuan/mt, down 0.21%. Its open interest reached 29,448 lots, a decrease of 975 lots compared to the previous trading day.
Zinc - Overnight, LME zinc opened at $2,863/mt. After a brief consolidation around the daily moving average, shorts increased positions, pushing the center downward to around $2,820/mt, with a low of $2,807.5/mt during the session. During European trading hours, LME zinc rebounded upward, reaching a high of $2,875/mt in the night session, and finally closed down at $2,867/mt, a decrease of $1.5/mt or 0.05%. Trading volume increased to 13,621 lots, and open interest rose by 325 lots to 217,000 lots. Overnight, the most-traded SHFE zinc 2503 contract opened at 23,565 yuan/mt. After a brief consolidation, longs increased positions, driving prices to fluctuate upward, reaching a high of 23,810 yuan/mt near the session's end. It eventually closed down at 23,790 yuan/mt, a decrease of 10 yuan/mt or 0.04%. Trading volume decreased to 72,873 lots, while open interest increased by 3,326 lots to 105,000 lots.