LIVE FUTURES REPORT 25/03: LME base metals prices soften on weak buying sentiment, low volumes; Cu ticks higher

Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday March 25, capped by low-volumes trading while risk appetite continues to falter in the wake of last week’s US Federal Reserve policy meeting.

Volumes traded were low over the day’s trading, with copper leading the complex at just over 12,000 lots changing hands by the close, down from 26,065 lots on Friday, while the metal’s price action consolidated just above $6,300 per tonne, closing at $6,340 per tonne and down more than 3% since last week. A slight uptick in on-warrant material has prompted the slide in the metal’s three-month price this week, however while the LME’s 142,475 of deliverable tonnes is a marked increase from...

Published

Hassan Butt

March 25, 2019

17:58 GMT

London