LIVE FUTURES REPORT 02/04: LME market sells into bull rally, Citi calls for zinc producers to hedge ‘second chance’

London Metal Exchange base metal prices fell on morning trading on Wednesday April 2 due to longs continuing to sell into yesterday’s China-PMI based rally.

At $6,443 per tonne, the LME’s three-month copper price is down by $27 per tonne against yesterday’s 5pm close, while three-month zinc is also lower, by $36 at $2,896 per tonne. Yesterday, cash zinc prices on the LME traded over $3,000 per tonne for the first time since June 2018. This could well be the peak of the...

Published

Archie Hunter

April 02, 2019

10:32 GMT

London