LIVE FUTURES REPORT 19/06: LME base metals prices broadly higher in morning trading

Base metals prices were broadly higher on the London Metal Exchange in the morning on Monday June 19, as the complex continued its strong performance from the end of last week.

The three-month copper and lead prices both rose over $24 per tonne, while lead is up 3.87% from last Monday. “Lead production [in China] has been affected by environmental inspections and with an improvement in demand, the supply-demand balance is gradually improving,” a futures analyst said. Zinc’s price also continues to rise after a good performance last week. On-warrant stocks have fallen 14.5% to 144,975 tonnes, the lowest total since July 2008. There have been 22,350 tonnes of zinc warrants...


Alice Mason

June 19, 2017

10:12 GMT