LIVE FUTURES REPORT 10/10: LME base metals prices drift lower on firm dollar

Base metals prices on the London Metal Exchange were broadly lower at the close of trading on Wednesday October 10, with three-month lead at multi-year lows.

The three-month lead price has come under pressure this week from strong headwinds from a firm US dollar index. The metal, which is trading at its lowest in more than two years, remains largely directionless although China’s continued efforts to crack down on environmental infractions has hindered production. Downward momentum in three-month copper, nickel and zinc prices emerged over the afternoon. Volumes were unexceptional, with copper’s 13,000 lots topping the complex. The...


Hassan Butt

October 10, 2018

18:09 GMT