Copper: Overnight, LME copper opened at $9,619.5/mt, fluctuated upward in early trading, touched an intraday high of $9,664.0/mt before pulling back, and hit a low of $9,575.5/mt towards the end of the session. It eventually closed at $9,592.0/mt, down 0.34%, with a trading volume of 17,304 lots and an open interest of 291,016 lots. Overnight, the SHFE copper 2506 contract opened at 78,900 yuan/mt, rose rapidly in early trading to touch an intraday high of 79,090 yuan/mt, then fluctuated downward, hitting a low of 78,480 yuan/mt before rebounding somewhat. It eventually closed at 78,650 yuan/mt, up 0.19%, with a trading volume of 37,544 lots and an open interest of 190,552 lots.
Lead: Overnight, LME lead opened at $1,991.5/mt. During the Asian session, it fluctuated downward. Entering the European session, it hit a low of $1,975/mt before rebounding and eventually closing at $1,992.5/mt, down $0.5/mt or 0.03%. Overnight, the most-traded SHFE lead contract opened at 16,990 yuan/mt. It rose to a high of 17,050 yuan/mt in the early session, weakened slightly, and then consolidated horizontally under the pressure of the intraday moving average. It finally closed at 17,025 yuan/mt, up 105 yuan/mt or 0.62%.
Zinc: Overnight, LME zinc opened at $2,720/mt. After a tug-of-war between longs and shorts in the early session, LME zinc consolidated around the daily moving average, with longs increasing their positions, pushing LME zinc higher throughout the session. It reached a high of $2,786/mt during the night session before pulling back slightly at the end of the session. It eventually closed up at $2,761.5/mt, up $41/mt or 1.51%. Trading volume increased to 18,503 lots, while open interest rose by 3,036 lots to 223,000 lots. Overnight, the most-traded SHFE zinc 2506 contract opened higher with a gap at 22,885 yuan/mt. It oscillated around the daily moving average in the early session before its center slightly dipped below the daily moving average, operating relatively steadily overall. It eventually closed up at 22,800 yuan/mt, up 280 yuan/mt or 1.24%. Trading volume decreased to 73,396 lots, while open interest increased by 391 lots to 105,000 lots.
Aluminum: On the previous trading day's night session, the most-traded SHFE aluminum 2506 contract opened at 20,300 yuan/mt, with a high of 20,315 yuan/mt, a low of 20,245 yuan/mt, and closed at 20,295 yuan/mt, up 20 yuan/mt or 0.10% from the previous close. LME aluminum opened at $2,490/mt, with a high of $2,543.5/mt, a low of $2,486/mt, and closed at $2,522.5/mt, up $29.0/mt or 1.16%.
Tin: The most-traded SHFE tin contract (SN2506) opened slightly higher during the night session and maintained high-level consolidation, closing at 265,480 yuan/mt, up 0.32% from the previous trading day. Total open interest reached 29,300 lots.