LIVE FUTURES REPORT 03/12: LME lead price dips below $1,900/t in lackluster trade; tin edges higher

Three-month lead traded lower during the morning session on the London Metal Exchange on Tuesday December 3, with low liquidity conditions capping a move above nearby resistance levels, while tin’s outright price recorded the only move higher.

Lead’s underlying price on the LME was recently seen at $1,894 per tonne, dipping below the $1,900-per-tonne support level, with just 870 lots exchanged over the morning period. After reaching an intra-morning high of $1,907.50 per tonne and closing at $1,906 per tonne, the metal’s outright price softened to a morning low of $1,890 per tonne, its lowest level since August 1. Forward spreads...


Hassan Butt

December 03, 2019

10:44 GMT