Futures market: LME copper opened at $9,871.5/mt overnight, fluctuated upward initially before plunging to $9,858.5/mt, then gradually rebounded to a high of $9,923/mt, finally closing at $9,898/mt, up 0.31%, with trading volume at 13,000 lots and open interest at 266,000 lots.

Overnight, LME lead opened at US$2,012.5/mt, diving to a low of US$1,994/mt during the Asian session. Entering the European session, it rallied, reaching a high of US$2,018/mt in the tail end, and closed at US$2,014.5/mt, down 0.02%.

In June, China's refined lead exports fell by 43% MoM, and imports dropped by approximately 81% MoM. With uncertainties still surrounding tariff events, there is an expectation of an increase in China's lead ingot supply in July. Meanwhile, there has been no significant improvement in domestic consumption. It is anticipated that the lead ingot import and export situation in July will remain unfavorable.

Futures market: LME copper opened at $9,851/mt overnight, fluctuated downward to test the low of $9,841/mt at the beginning of the session, then the center of copper prices moved straight up to probe $9,871/mt, followed by considerable fluctuations before finally closing at $9,867/mt, up 0.74%, with trading volume at 14,000 lots and open interest at 266,000 lots.

Overnight, LME lead opened at $2,010/mt, fluctuating rangebound in the Asian session. Entering the European session, it slightly rose to a high of $2,017.5/mt, with bulls and bears vying for control. LME lead then dipped to a low of $1,994/mt before rallying again in the tail end, closing at $2,015/mt, up 0.17%.