Copper - Overnight, LME copper opened at $9,566.5/mt, dipping to a low of $9,557.5/mt shortly after the opening bell. It then fluctuated upward, reaching a high of $9,648/mt during the session, before ending the day with a narrow rangebound fluctuation, closing at $9,638.5/mt, up 0.24%. Trading volume reached 16,000 lots, and open interest stood at 287,000 lots. Overnight, the most-traded SHFE copper 2507 contract opened at and dipped to a low of 77,910 yuan/mt, before surging straight up to a high of 78,400 yuan/mt shortly after the opening bell. It then maintained a narrow rangebound fluctuation, closing at 78,180 yuan/mt, up 0.5%. Trading volume reached 52,000 lots, and open interest stood at 187,000 lots.
Aluminum - Last night, the most-traded SHFE aluminum 2507 contract opened at 19,990 yuan/mt, hitting a high of 20,005 yuan/mt and a low of 19,890 yuan/mt, before closing at 19,990 yuan/mt. Trading volume stood at 63,000 lots, with open interest at 191,000 lots. LME aluminum opened at $2,470.5/mt, reached a high of $2,479/mt and a low of $2,469.5/mt, then settled at $2,474.5/mt.
Lead - Overnight, LME lead opened at $1,978.5/mt. During the Asian session, it fluctuated downward. Entering the European session, it rose to a high of $1,986.5/mt before closing at $1,986/mt, up $5/mt or 0.25%. Overnight, the most-traded SHFE lead 2507 contract opened at 16,575 yuan/mt. After a slight rise to a high of 16,650 yuan/mt, it faced downward pressure and eventually closed at 16,635 yuan/mt, up 60 yuan/mt or 0.36%.
Zinc - Overnight, LME zinc opened at $2,692/mt. After opening, LME zinc trended downward, reaching a low of $2,658/mt before rebounding and rising, hitting a high of $2,711.5/mt near the close. It eventually closed up at $2,711.5/mt, gaining $18.5/mt or 0.69%. Trading volume decreased to 11,422 lots, and open interest fell by 64 lots to 213,000 lots. Overnight, the most-traded SHFE zinc 2507 contract opened at 22,260 yuan/mt. Early in the session, SHFE zinc dipped to 22,260 yuan/mt, then fluctuated upward to hit a high of 22,435 yuan/mt. Subsequently, SHFE zinc pulled back from highs near the daily average line, maintaining a narrow rangebound fluctuation. It eventually closed up at 22,355 yuan/mt, gaining 175 yuan/mt or 0.79%. Trading volume decreased to 88,953 lots, and open interest fell by 1,589 lots to 121,000 lots.
Nickel - The most-traded SHFE nickel contract (NI2507) opened higher this morning, regaining the 122,000 yuan/mt level during the session, mainly exhibiting a fluctuating trend. As of 11:30, the closing price was 121,380 yuan/mt, up 0.25%.