LIVE FUTURES REPORT 21/04: LME base metals prices close lower after disappointing week

All base metals trading on the London Metal Exchange fell at the end of trading on Friday April 21 after a week which has seen some metals prices hit three-month lows.

Despite being the only base metal to see a price increase this morning, up $28.50 per tonne, copper prices declined at the LME kerb. Nickel and tin fell by over $100 per tonne while zinc dropped back below the $2,600 per tonne barrier. In exchange news, the LME announced Matthew Chamberlain as its new ceo in an announcement earlier today.  Steel prices could be in for a boost after positive macroeconomic news came from the USA. “Yesterday President Trump ordered a trade probe against China and other exporters of cheap steel into the US. Trump also indicated plans to spend $200bn on...

Published

Alice Mason

April 21, 2017

17:32 GMT

London