LIVE FUTURES REPORT 15/03: LME-traded Cu ignores narrowing nearby spread contango, Asia influx to continue uptrend

Copper continues to capitalize on the narrowing $0.75 per tonne cash-to-March spread contango, while the three-month contract rises to $6,430 per tonne, up $26 per tonne from the $6,404-per-tonne close on March 14.

The three-month copper price seems to be ignoring the significant influx of material into Asian LME warehouses on March 15, with 18,905 lots of material traded during the day’s session. Nickel in a pickle Nickel consumers are trying and failing to push the nickel three-month price back up above its $13,000-per-tonne psychological level after it fell...


Amy Hinton

March 15, 2019

17:50 GMT