Copper

LME copper prices opened at $8352/mt and closed at $8341.5/mt last evening, a drop of 1.01%, with the low-end of $8313/mt and the high-end of $8389.5/mt. Trading volume was 27,000 lots open interest stood at 279,000 lots. The most active SHFE 2401 copper contract prices opened at 67600 yuan/mt and finished at 67530 yuan/mt overnight, with the high-end of 67780 yuan/mt and the low-end of 67490 yuan/mt, down 0.98%. Trading volume was 38,000 lots, and open interest stood at 153,000 lots.

Aluminum

Overnight, the most-traded SHFE 2401 aluminum contract opened at 18,390 yuan/mt, with its high and low at 18,470 yuan/mt and 18,370 yuan/mt before closing at 18,405 yuan/mt, down 60 yuan/mt or 0.32%. LME aluminum opened at $2,185/mt yesterday, with its high and low at $2,186.5/mt and $2,150.5/mt respectively before closing at $2,165.5/mt, down $34.5/mt or 1.57%.

Lead

LME lead opened at $2095/mt and consolidated sideways in Asian trading hours yesterday, rising to $2103.5/mt during the European trading hours. It finally closed at $2050/mt, down $40.5/mt or 1.94%, falling for 12 consecutive days.
The most-traded SHFE 2401 lead contract opened at 15570 yuan/mt and fell 125 yuan/mt or 0.8% to close at 15525 yuan/mt last evening, briefly hitting the lowest point at 15480 yuan/mt and the highest point at 15770 yuan/mt.

Zinc

Overnight, LME zinc opened at US$2448.5/ton and touched a high of US$2457/ton. During the European trading session, the LME zinc fluctuated all the way down, reaching a low of US$2415/ton, and finally closed down at US$2418/ton, down $20.5/ton, or 0.84%. Trading volume increased by 2659 lots to 12248 lots, and open interest decreased by 2437 lots to 198,000 lots. LME stocks decreased by 1625 tons to 221,000 tons, a decrease of 0.73%.

The most active SHFE 2401 zinc contract prices opened at 20410 yuan/mt and lost 85 yuan/mt or 0.41% to settle at 20445 yuan/mt in overnight trading with the high-end of 20620 yuan/mt and the low-end of 20360 yuan/mt. Trading volumes decreased 63115 to 46,700 lots and open interest fell 2589 lots to 91,300 lots. The fall in zinc prices has led to an improvement in the spot trading, and fundamentals have given certain support to Shanghai zinc. However, the overall supply of zinc ingots has remained ample, and SHFE zinc lacked ability to rise.

Nickel

On December 5th, the most-traded SHFE nickel contract opened at 128,140 yuan/mt, and closed at 125,120 yuan/mt, down 3,340 yuan/mt. Trading volume fell by 88,786 lots, and open interest increased by 658 lots.