LIVE FUTURES REPORT 18/11: LME lead price sinks below $2,000 per tonne; fresh inflows put pressure on aluminium

The three-month lead price on the London Metal Exchange was lower at the close of trading on Monday November 18, with the price settling below the $2,000 per tonne support level for the first time since September, while continued inflows pushed aluminium futures lower.

Lead’s outright price closed at $1,953.50 per tonne in the afternoon, its lowest close since August 2, while turnover was at its highest since July at more than 5,800 lots exchanged by the close. The price fell from an intraday high of $2,026 per tonne to reach a daily low of $1,951.50 per tonne, while the metal’s forward spreads facilitated selling against a benchmark cash/three-month spread recently seen in a $15...

Published

Hassan Butt

November 18, 2019

18:08 GMT

London