Base Metal Update

Advisory Bazaar Info Services

Copper:

LME copper opened at $9,711.5/mt overnight, fluctuated in early trading to a high of $9,721.5/mt, then moved downward to a low of $9,667.5/mt before closing at $9,670.5/mt (down 0.04%). Trading volume: 10,000 lots; open interest: 263,000 lots.

SHFE copper (2509) opened at 78,360 yuan/mt, rose to a high of 78,610 yuan/mt, then dropped to 78,320 yuan/mt before settling at 78,360 yuan/mt (down 0.03%). Trading volume: 15,000 lots; open interest: 155,000 lots.

Aluminum:

SHFE aluminum (2509) opened at 20,715 yuan/mt, high 20,725 yuan/mt, low 20,655 yuan/mt, closed at 20,670 yuan/mt. Trading volume: 39,000 lots; open interest: 229,000 lots.

LME aluminum opened at $2,612.5/mt, high $2,613.5/mt, low $2,610.5/mt, closed at $2,612.5/mt.

Lead:

LME lead opened at $1,998/mt, low $1,997.5/mt, high $2,011/mt, closed at $2,007/mt (up 0.5%), marking a three-day winning streak.

SHFE lead (2509) opened at 16,875 yuan/mt, low 16,850 yuan/mt, high 16,910 yuan/mt, closed at 16,885 yuan/mt (up 0.15%).

Zinc:

LME zinc opened at $2,795/mt, peaked at $2,825.5/mt, closed at $2,815.5/mt (up 0.73%). Trading volume: 10,672 lots; open interest: 193,000 lots (+2,082).

SHFE zinc (2509) opened at 22,525 yuan/mt, low 22,435 yuan/mt, closed at 22,510 yuan/mt (down 0.09%). Trading volume: 39,622 lots; open interest: 96,096 lots (-723).

Tin:

SHFE tin (2509) opened higher, maintained high-level consolidation, and closed at 268,300 yuan/mt (up 0.29%).