LIVE FUTURES REPORT 19/06: LME base metals prices fall as macro optimism fades

Base metals prices were broadly steady to lower in morning trading on the London Metal Exchange on Wednesday June 19, with waning macroeconomic optimism weighing on commodities.

Trading volumes across the complex were thin after bearishness resurfaced, reflecting weakening global economies and the unlikelihood of an imminent US-Sino trade deal. The LME three-month lead price held its ground, trading around $1,918.50 per tonne after 15,052-tonnes were canceled across global LME warehouses, leaving available lead inventory at 67,725 tonnes. Physical demand has been robust particularly in India where the low price...

Published

Amy Hinton

June 19, 2019

10:34 GMT

London