Copper - Overnight, LME copper opened at $9,398.5/mt, initially bottoming at $9,379.5/mt amid fluctuations. The center then rose, peaking at $9,425.5/mt during the session, followed by slight fluctuations and a decline towards the close, ultimately settling at $9,382.5/mt, down 0.87%. Trading volume reached 15,000 lots, and open interest stood at 300,000 lots. Overnight, the most-traded SHFE copper 2503 contract opened at 76,740 yuan/mt, initially bottoming at 76,680 yuan/mt. The center then rose, peaking at 77,030 yuan/mt during the session, before declining and consolidating sideways towards the close, ultimately settling at 76,860 yuan/mt, down 0.81%. Trading volume reached 22,000 lots, and open interest stood at 169,000 lots.
Aluminum - Yesterday, the most-traded SHFE aluminum 2504 contract opened at 20,645 yuan/mt, reached a high of 20,690 yuan/mt, a low of 20,585 yuan/mt, and closed at 20,660 yuan/mt, down 50 yuan/mt from the previous day, with a 0.24% increase. Yesterday, LME aluminum opened at $2,635/mt, hit a high of $2,651/mt, a low of $2,613/mt, and closed at $2,646.5/mt, up $9/mt, with a 0.34% increase.
Lead - Overnight, LME lead opened at $1,983.5/mt, fluctuated upward during the Asian session, and continued to rise in the European session, reaching a high of $2,006.5/mt. It then pulled back under pressure and finally closed at $1,982.5/mt, up $0.5/mt or 0.03%. Overnight, the most-traded SHFE lead 2503 contract opened at 17,200 yuan/mt, hit a high of 17,250 yuan/mt in early trading before declining to a low of 17,150 yuan/mt. It then slightly rebounded and finally closed at 17,180 yuan/mt, up 40 yuan/mt or 0.23%.
Zinc - Overnight, LME zinc opened at $2,841/mt. At the beginning of the session, LME zinc fluctuated upward above the daily moving average. During European trading hours, it briefly declined, with its center shifting downward to consolidate near the daily moving average. Entering the night session, LME zinc accelerated upward, reaching a high of $2,876.5/mt by the end of the session and ultimately closing higher at $2,871.5/mt, up by $33/mt or 1.16%. Trading volume decreased to 6,203 lots, and open interest fell by 756 lots to 226,000 lots. Overnight, the most-traded SHFE zinc 2503 contract opened at 23,830 yuan/mt. At the beginning of the session, SHFE zinc fluctuated around the daily moving average. Subsequently, the exit of bearish funds caused SHFE zinc's center to shift upward above the daily moving average. By the end of the session, it accelerated upward, reaching a high of 23,985 yuan/mt and ultimately closing higher at 23,970 yuan/mt, up by 155 yuan/mt or 0.65%. Trading volume decreased to 37,178 lots, and open interest fell by 844 lots to 74,084 lots.