LIVE FUTURES REPORT 11/12: LME base metals up on fundamentals, renewed hopes of US-China trade talks

Base metal prices rose on the London Metal Exchange by the close on Tuesday December 11, with copper acting as the best performer among the complex.

Specifically, the three-month copper price surged by 1.3% to close at $2,590 per tonne.   “LME copper continues to run rather positive micro-dynamics. Total LME stocks continue to see drawdowns, with net holdings edging to a fresh 2018 low of 122,500 tonnes,” Fastmarkets analyst Andy Farrida said in a research note, adding that expected tightness will provide a bullish backdrop for the red metal.   The three-month zinc price also increased to $2,590 per tonne, up by 0.6% from a day ago, while the cash to...


Julian Luk

December 11, 2018

17:45 GMT