Copper - Overnight, LME copper opened at $9,614.5/mt, initially rose slightly to a high of $9,684.5/mt, then declined all the way to a low of $9,448.5/mt near the session's end, followed by range-bound trading, and finally closed at $9,465/mt, down 0.12%. Trading volume reached 36,000 lots, and open interest stood at 295,000 lots. Overnight, the most-traded SHFE copper 2503 contract opened at 78,440 yuan/mt, hit a high of 78,580 yuan/mt early in the session, then fluctuated downward to a low of 76,980 yuan/mt near the session's end, followed by range-bound trading, and finally closed at 77,120 yuan/mt, down 0.89%. Trading volume reached 54,000 lots, and open interest stood at 178,000 lots.
Aluminum - Last Friday, the SHFE aluminum 2504 contract opened at 20,845 yuan/mt, reached a high of 20,880 yuan/mt, a low of 20,770 yuan/mt, and closed at 20,725 yuan/mt, up 70 yuan/mt or 0.34% from the previous day. LME aluminum opened at $2,606/mt, peaked at $2,649.5/mt, bottomed at $2,606/mt, and settled at $2,635/mt, up $31.5/mt or 1.21%.
Lead - Last Friday night, LME lead opened at $1,992.5/mt. During the Asian session, it traded sideways around the intraday moving average. Entering the European session, it fluctuated downward after peaking at $2,002.5/mt, hitting a low of $1,972/mt, and finally closed at $1,982/mt, down $9.5/mt or 0.48%. Last Friday night, the most-traded SHFE lead 2503 contract opened at 17,130 yuan/mt. After dipping to 17,070 yuan/mt at the beginning of the session, it rebounded and climbed to a high of 17,240 yuan/mt. Subsequently, it pulled back under pressure and traded sideways near the intraday moving average, eventually closing at 17,135 yuan/mt, down 30 yuan/mt or 0.17%.
Zinc - Last Friday, LME zinc opened at $2,842/mt. In early trading, bulls increased positions, driving LME zinc upward above the daily moving average. During European trading hours, it peaked at $2,900/mt. Subsequently, with shorts entering and longs closing positions, LME zinc broke below the daily moving average support and continued to decline, hitting a low of $2,838/mt by the session's end. It ultimately closed higher at $2,838.5/mt, up by $1/mt or 0.04%. Trading volume increased to 11,111 lots, and open interest rose by 1,566 lots to 227,000 lots. Last Friday, the most-traded SHFE zinc 2503 contract opened at 24,075 yuan/mt. In early trading, with bulls exiting, SHFE zinc moved downward in a stepwise manner. By the session's end, its center was around 23,720 yuan/mt, with an intraday low of 23,685 yuan/mt. It ultimately closed lower at 23,710 yuan/mt, down by 210 yuan/mt or 0.88%. Trading volume decreased to 90,813 lots, and open interest fell by 2,000 lots to 81,893 lots.
Nickel - Last week, nickel prices continued to decline, with spot prices fluctuating between 124,100-129,150 yuan/mt, while SHFE nickel futures prices ranged from 123,000 yuan/mt to 127,950 yuan/mt.