LIVE FUTURES REPORT 17/02: LME base metal prices retreat from highs amid volatile week’s trading

Base metal prices on the London Metal Exchange were lower during Friday February 17 trading, retracing the highs posted earlier this week.

It has been an unsettled week for many of the metal prices as earlier headline-driven rallies quickly ran into selling pressure. The volatile sessions throughout the week have been attributed to supply concerns, coupled with political uncertainty in the USA. "If the market is volatile, traders will be happy as this is the fuel for them – so long as they are on the right side they get to make money. With Donald Trump being made president there is a high chance of increased volatility as he is an unconventional president and already there has been issues with links to Russia," a market participant said. The three-month copper price recently traded at $5,975 per tonne, down $25 on the close. Earlier this week, the red metal had hit the strongest level in...

Published

Kathleen Retourné

February 17, 2017

10:16 GMT

London