LIVE FUTURES REPORT 19/12: LME base metals buoyed by China liquidity boost, weaker US dollar

Base metals prices other than lead closed higher on the London Metal Exchange on Thursday December 19, bolstered by an injection of liquidity into China’s open markets, while a weaker US dollar index also proved supportive.

Three-month prices trading mixed this morning but ultimately gathered upward momentum after the People’s Bank of China (PBoC) injected 30 billion yuan ($4.3 billion) into financial markets today. A softer US dollar index, trading down 0.05% around 97.36 at the close, also acted as a tailwind. But the LME three-month lead price, yesterday’s strongest performer, closed down 0.4% on Wednesday’s afternoon...


Amy Hinton

December 19, 2019

17:51 GMT