LIVE FUTURES REPORT 11/04: LME copper price sinks in low-volume trading

Copper’s three-month price on the London Metal Exchange drifted lower at the close of trading on Thursday April 11, capped by low-volume trading amid international trade tensions, while positive unemployment figures from the United States in the afternoon did little to boost investor confidence.

Three-month copper futures traded around $6,400 per tonne over the afternoon, but have softened by around 2% since reaching a high of $6,540 per tonne on April 9. Copper volumes traded topped the complex but were thin over the day, with just over 12,000 lots changing hands by the close. While copper’s LME stock picture has improved by more than 85% month on month to 194,425 tonnes in total, the red metal’s three-month price has consolidated in a...

Published

Hassan Butt

April 11, 2019

18:15 GMT

London