Copper - Overnight, LME copper opened at $9,527.5/mt. Prices fluctuated at the beginning of the session, dipping to a low of $9,511.0/mt during the session, before fluctuating upward. Prices approached a high of $9,606.0/mt near the close and ultimately closed at $9,600.0/mt, up 0.08%. Trading volume reached 13,902 lots, and open interest stood at 293,706 lots. Overnight, the SHFE copper 2506 contract opened at 78,160 yuan/mt. Prices fluctuated at the beginning of the session, dipping to a low of 78,010 yuan/mt during the session, before gradually rising to a high of 78,610 yuan/mt. It ultimately closed at 78,490 yuan/mt, up 0.13%. Trading volume reached 27,647 lots, and open interest stood at 184,563 lots.
Aluminum - On the previous trading day's night session, the most-traded SHFE aluminum 2507 contract opened at 20,150 yuan/mt, with a high of 20,230 yuan/mt, a low of 20,110 yuan/mt, and closed at 20,220 yuan/mt, up 35 yuan/mt or 0.117% from the previous close. LME aluminum opened at $2,519/mt, with a high of $2,524/mt, a low of $2,481/mt, and closed at $2,499/mt, up $23.5/mt or 0.93% (a decrease).
Lead - Overnight, LME lead opened at $1,994/mt. During the Asian session, it dipped to a low of $1,977/mt before fluctuating upward to a high of $2,005/mt. It eventually closed at $2,004.5/mt, up by $12/mt or 0.60%. Overnight, the most-traded SHFE lead contract opened at 16,990 yuan/mt. It dipped to a low of 16,920 yuan/mt in the early session before fluctuating upward to a high of 16,995 yuan/mt. It eventually closed at 16,990 yuan/mt, down by 10 yuan/mt or 0.06%.
Zinc - Overnight, LME zinc opened at $2,760/mt. During the initial trading session, a tug-of-war between longs and shorts caused LME zinc to oscillate around the daily average line. During the European trading session, bears took the upper hand, pushing the center of LME zinc down to $2,715/mt. Entering the night session, it rebounded back near the daily average line, eventually closing down at $2,726/mt, down $35.5/mt or 1.29%. Trading volume decreased to 12,734 lots, while open interest increased by 1,548 lots to 225,000 lots. Overnight, the most-traded SHFE zinc 2506 contract opened lower with a gap at 22,490 yuan/mt. After dipping to 22,440 yuan/mt in the initial trading session, bears took profits and exited the market, causing SHFE zinc to rise steadily, with the center moving up to 22,575 yuan/mt. It eventually closed up at 22,595 yuan/mt, up 145 yuan/mt or 0.64%. Trading volume decreased to 57,656 lots, while open interest decreased by 2,645 lots to 96,405 lots.
Tin - Futures Market: The most-traded SHFE tin contract (SN2506) opened higher during the night session and then fluctuated at highs, closing at 265,850 yuan/mt, up 0.18% from the previous trading day. Total open interest reached 28,900 lots.