LIVE FUTURES REPORT 05/12: Zinc price holds firm in lackluster LME trading; copper drifts below $6,200/t

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Wednesday December 5, with downward pressure emerging from a stronger US dollar index and trading worries.

“Financial markets were quick to disavow any more positive rhetoric from the weekend G20 meet with the devil not only in the detail but rising concerns about slowing global economic growth,” Marex Spectron’s LME analyst Alastair Munro said in a morning report. The three-month copper price fell furthest - it was recently 0.6% lower, falling below $6,200 per tonne despite a further drop in LME stocks. At 128,200 tonnes, LME inventories are below those of the CME at 134,467 tonnes and the SHFE at 131,042 tonnes. Volumes at moderate - fewer than 6,000 lots...


Hassan Butt

December 05, 2018

11:16 GMT