Metal Market Update

Category:-Metal | 09-Jul-2025 10:11 AM

🟫 Base Metal Update

Advisory Bazaar Info Services

🔹 Copper

LME Copper: Opened at $9,835/mt, saw sharp volatility—surging to $9,887.5/mt near session close before pulling back to $9,569.5/mt, and finally settled at $9,665/mt, down 1.22%.

Trading Volume: 20,000 lots

Open Interest: 277,000 lots

SHFE Copper: Opened at 79,590 yuan/mt, dipped to 79,330 yuan/mt, then rallied to close at 80,030 yuan/mt, up 0.69%.

Trading Volume: 28,000 lots

Open Interest: 206,000 lots

🔹 Aluminum

SHFE Aluminum (2508): Opened at 20,510 yuan/mt, traded between 20,495–20,560 yuan/mt, and closed at 20,540 yuan/mt.

Trading Volume: 32,000 lots

Open Interest: 255,000 lots

LME Aluminum: Opened at $2,572/mt, traded between $2,569.5–2,600/mt, and settled at $2,589/mt.

🔹 Lead

LME Lead: Opened at $2,038/mt, moved up steadily to close at $2,044/mt, gaining 0.32% amid shifting market focus from tariffs to policy clarity.

SHFE Lead (2508): Opened at 17,190 yuan/mt, reached a high of 17,280 yuan/mt, and closed at 17,275 yuan/mt, up 0.93%.

Open Interest: Increased by 769 lots to 52,386 lots

🔹 Zinc

LME Zinc: Opened at $2,688/mt, dipped to $2,675.5/mt, then rallied to close at $2,719/mt, up $36/mt or 1.34%.

Trading Volume: 11,750 lots

Open Interest: Decreased by 2,843 lots to 200,000 lots

SHFE Zinc (2508): Opened at 22,175 yuan/mt, dipped to 22,020 yuan/mt, then rose to close at 22,160 yuan/mt, up 110 yuan/mt or 0.5%.

Trading Volume: 65,173 lots

Open Interest: Decreased by 328 lots to 119,000 lots

🔹 Tin

SHFE Tin (2508): Traded sideways in a low range, eventually closing at 265,700 yuan/mt, up 0.55% from the previous session.


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