LIVE FUTURES REPORT 27/12: LME base metals little changed in lackluster post-Christmas trade

Base metals prices were little changed at the close on Friday December 27, with a return to market post-Christmas doing little to inspire upward price movement on the London Metal Exchange.

“There is really not a great deal to talk about in the metals market apart from the Santa rally in US indices amid record high prices, fueled no doubt by the trade deal with China,” Fastmarkets research analyst Andy Farida said. “This morning, China posted better industrial profit, up 5.4% year on year. But the metals aren’t really reacting in a bullish way.” While the majority of metals held relatively firm, the LME three-month nickel price regained some ground during the day’s trading. It closed at $1,4210 per...

Published

Amy Hinton

December 27, 2019

17:57 GMT

London