LIVE FUTURES REPORT 08/04: LME base metals prices mixed; Zinc below $2,900/t

Base metals prices on the London Metal Exchange were mixed during morning trading on Monday April 8, with the strength in the US dollar index capping prospective gains while low LME stocks fuel upward price momentum.

Copper’s three-month price was trading around 1% higher over the morning, making a marginal recovery after falling below $6,400 per tonne and selling-off more than 2% of its three-month price last week.  Volumes traded in the red metal were higher to start the week, largely due to the return of the Chinese market after the national holiday on Friday. Copper’s 6,020 lots traded led the complex as of 9:34am London time, with zinc’s 3,500 lots traded coming in second.  “After the late downside push on Friday, today has seen the return of the...

Published

Hassan Butt

April 08, 2019

10:15 GMT

London