Copper - Overnight, LME copper opened at $9,942/mt, reaching a high of $9,971/mt during the session, and a low of $9,900/mt at the end of the session, closing at $9,907/mt. The overall trend initially fluctuated upward before pulling back. The decline was 1.86%, with a trading volume of 31,000 lots and open interest of 303,000 lots. Overnight, the most-traded SHFE copper 2505 contract opened at 81,670 yuan/mt, reaching a high of 81,870 yuan/mt and a low of 81,350 yuan/mt during the session, closing at 81,520 yuan/mt. The overall trend fluctuated downward. The decline was 1.08%, with a trading volume of 62,000 lots and open interest of 240,000 lots.

Aluminum - Last night, the most-traded SHFE aluminum 2505 contract opened at 20,710 yuan/mt, with a high of 20,720 yuan/mt, a low of 20,665 yuan/mt, and closed at 20,675 yuan/mt, down 25 yuan/mt, or 0.12%. Yesterday, LME aluminum opened at $2,612/mt, with a high of $2,628/mt, a low of $2,600.5/mt, and closed at $2,605/mt, down $3/mt, or 0.12%.

Lead - Overnight, LME lead opened at $2,077/mt, with its overall price center gradually moving upward, largely recovering the losses since the beginning of the week. It attempted to reclaim the $2,100/mt level but failed, reaching a high of $2,094/mt. LME lead eventually closed at $2,088.5/mt, up 0.31%. Overnight, the most-traded SHFE lead 2505 contract opened at 17,625 yuan/mt. Domestic supply tightness and off-season consumption factors intertwined, leading to a stalemate between bulls and bears after the opening. SHFE lead mostly consolidated between 17,610-17,650 yuan/mt, with short-term supply imbalances relatively prominent. The overall price center of SHFE lead moved higher compared to the previous day. SHFE lead eventually closed at 17,640 yuan/mt, up 0.37%, with open interest increasing by 550 lots to 58,646 lots compared to the previous trading day.

Zinc - Overnight, LME zinc opened at $2,966/mt, initially reaching a high of $2,974/mt, then slightly declined below the daily average line before recovering the losses. During the European trading session, longs reduced positions, causing LME zinc to continuously drop to a low of $2,934/mt. However, entering the night session, LME zinc rebounded and fluctuated near the daily average line, eventually closing down at $2,952/mt, a decrease of $16.5/mt, or 0.56%. Trading volume decreased to 70,105 lots, while open interest decreased by 457 lots to 226,000. On March 26, LME zinc inventory decreased by 3,650 mt to 146,575 mt, a drop of 2.43%. Overnight, the most-traded SHFE zinc 2505 contract opened at 24,085 yuan/mt. Initially, longs reduced positions, causing SHFE zinc to quickly drop to a low of 24,045 yuan/mt. Subsequently, shorts reduced positions, and SHFE zinc rose above the daily average line, with the center fluctuating around 24,150 yuan/mt, eventually closing at 24,155 yuan/mt, with a % change of 0%. Trading volume decreased to 64,751 lots, while open interest decreased by 1,904 lots to 123,000.