Shanghai copper futures rose their three percent daily limit on Thursday as they caught up with the London Metal Exchange after a long Chinese break but are unlikely to climb further in the short run, traders said.
The most active August contract closed at a record 24,890 yuan ($3,007) per tonne, up 630 yuan from January 16 the final session before the Lunar New Year holiday.
Other contracts rose between 600 and 670 yuan in moderate volume of 89,910 lots in the first session after the break.
LME three-month copper jumped to $2,460/$2,464 a tonne in Asian trade on Thursday compared with around $2,370 before the Chinese holiday.
Spot copper in Shanghai rose 560 yuan to move in a range of between 24,470 yuan and 24,610 yuan a tonne, in line with domestic futures.
Most Shanghai aluminium futures closed 100 yuan to 200 yuan higher on Thursday, tracking rises in LME aluminium. Shanghai's volume was thin 28,570 lots.
LME three-month aluminium traded at $1,647/1,650 a tonne in Asian trade on Thursday, compared with around $1,620 before the Chinese market closed for the Lunar New Year.