Copper

LME copper prices opened at $8497/mt and closed at $8427/mt in overnight trading, a drop of 2.3%, with the low-end of $8427/mt and the high-end of $8515/mt. Trading volume was 26,000 lots, and open interest stood at 279,000 lots. The most active SHFE 2401 copper contract prices opened at 68380 yuan/mt and closed at 68190 yuan/mt last evening, down 0.9%, with the high-end of 68560 yuan/mt and the low-end of 68070 yuan/mt. Trading volumes stood at 34,000 lots and open interest stood at 167,000 lots.

Aluminum

Overnight, the most-traded SHFE 2401 aluminum contract opened at 18560 yuan/mt, with its lowest and highest at 18380 yuan/mt and 18575 yuan/mt before closing at 18475 yuan/mt, down 170 yuan/mt or 0.91%. LME aluminum opened at $2,204/mt on Monday, with its high and low at $2,213/mt and $2,174/mt respectively before closing at $2,184/mt, down $16/mt or 0.73%.

Lead

LME lead opened at $2128/mt and rose during the Asian trading hours yesterday, rising to $2131.5/mt during the European trading hours. It finally closed at $2093/mt, down $33.5/mt or 1.58%, falling for 11 consecutive days.

The most-traded SHFE 2401 lead contract opened at 15700 yuan/mt and fell 70 yuan/mt or 0.45% to close at 15630 yuan/mt last evening, briefly hitting the lowest point at 15600 yuan/mt and the highest point at 15770 yuan/mt.

zinc

Overnight, LME zinc opened at US$2,512/ton and touched a high of US$2,523/ton. During the European trading session, the LME zinc fluctuated all the way down, reaching a low of US$2,437/ton at the end of the day, and finally closed down at US$2,438.5/ton, down $81/ton, or 3.21%. Trading volume decreased by 1,256 lots to 9,589 lots, and open interest decreased by 1,318 lots to 201,000 lots. LME stocks decreased by 1,575 tons to 222,700 tons, a decrease of 0.70%. The U.S. dollar index rebounded. U.S. factory orders in October was lower than expected and recorded -3.6%, the lowest level since April 2020.

Overnight, the most-traded SHFE 2401 zinc contract opened at 20680 yuan/mt and touched a high of 20745 yuan/mt before closing at 20555 yuan/mt, down 285 yuan/mt or 1.37%. Trading volume decreased 47784 to 44,300 lots, and open interest increased by 3460 lots to 89,800 lots.

Nickel

On December 4th, the most-traded SHFE nickel contract opened at 131,380 yuan/mt, and closed at 128,460 yuan/mt, down 920 yuan/mt. Trading volume rose 3,031 lots, and open interest increased by 1,188 lots.