LIVE FUTURES REPORT 23/07: LME tin dips 2% in high-vol trading; copper below $6,000/t

Tin’s three-month price on the London Metal Exchange fell by some 2% at the close of trading on Tuesday July 23, slipping to a fresh low of $17,555 per tonne over the day’s trading - the lowest level since 2016 - while copper futures failed to close above the nearby $6,000-per-tonne resistance level.

Turnover was moderately light across the day’s trading, with copper’s 11,700 lots leading the complex at the close. That said, more than 500 lots of tin were exchanged at the close, the most since volumes rallied to 1,340 lots on July 2 – when tin’s outright price fell 7%. Three-month tin futures closed at $17,675 per tonne this afternoon, while the metal is down by some 19% from its 2019 high of $21,800 per tonne on February...

Published

Hassan Butt

July 23, 2019

17:48 GMT

London