METALS MORNING VIEW 19/03: Metals prices unchanged to slightly higher; awaiting fresh direction from US/China trade talks

Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Tuesday March 19.

The exceptions were lead and tin that were little changed, while the rest were up by an average of 0.5%. Copper prices were up by 0.4% at $6,462 per tonne, compared with $6,433 per tonne at Monday’s close. Volume was average, with 6,236 lots traded on LME Select as at 6.51am London time, compared with 6,328 lots at a similar time on Monday. Spot precious metals prices were up across the board for the second day running, up by an average of 0.5% on Tuesday, with platinum up by 0.6%, silver prices up by 0.2%, palladium up by 0.8%, and gold prices up by 0.2% at $1,305.50 per oz, compared with $1,303.40 per oz at Monday’s close. Palladium prices have set a fresh record high at $1,594.50 per oz. In China, base metals prices on the Shanghai Futures Exchange were...

Published

William Adams

March 19, 2019

09:28 GMT

London

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