LIVE FUTURES REPORT 25/04: Dollar momentum caps LME base metals; tin continues downtrend

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday April 25, with buying appetite dampened by continued strength in the US dollar index, which reached its highest level since 2017 this morning.

Despite a fresh cancelation of more than 8,000 tonnes in various locations across Asia, Europe and North America this morning, copper’s three-month price failed to maintain the gains made at Wednesday’s close, falling back toward $6,400 per tonne.  LME stock levels remain stable for copper this month, with more than 167,000 tonnes now available to warrant, a marked improvement from around 21,600 tonnes on-warrant in March.  Copper volumes traded led the complex over the morning, but remained...

Published

Hassan Butt

April 25, 2019

10:30 GMT

London