LIVE FUTURES REPORT 01/04: LME base metals climb amid Chinese manufacturing strength; nickel price up 1.8%

Base metals prices on the London Metal Exchange were all higher during morning trading on Monday April 1 after being boosted by forecast-beating manufacturing data from China.

Optimism about a potential Sino-US trade deal and low stocks in many of the metals also continue to bolster sentiment. The three-month nickel price rose furthest and is now trading comfortably above $13,200 per tonne, up by almost 2% from last Friday’s closing level. Stainless steel consumption continues to underpin demand; recent anti-dumping measures in China could go some way to promote the country’s domestic stainless steel production. China...


Hassan Butt

April 01, 2019

11:04 GMT