LIVE FUTURES REPORT 25/10: Prices flat on low volume; stock levels continue to fall

Base metals prices on the London Metal Exchange were little changed on Friday October 25 despite continued drawdowns of LME stocks.

The benchmark three-month copper price was unchanged from Thursday’s close at $5,887 per tonne. On-warrant copper stocks continue to decline and are keeping the price well supported.
A further 4,225 tonnes were delivered out of LME warehouses this morning following a 10,000-tonne cancellation on Thursday. On-warrant stocks were last at 148,500 tonnes, down at levels not seen since April 2019.

“Flat price reached a high of $5,908 yesterday,...


Alice Mason

October 25, 2019

11:28 GMT