LIVE FUTURES REPORT 26/02: LME lead price drops 2%; base metals prices muted

Lead was the worst performer on the London Metal Exchange at the close on Wednesday February 26, wiping out all gains it made on Tuesday.

The three-month lead price closed at $1,817 per tonne, down from $1,858 per tonne the previous day when it had risen by 2%. Forward spreads in LME lead remain in a backwardation but significantly narrower than the previous day. The benchmark cash/three-month spread was recently trading in a $34.25 per tonne backwardation, from $54.50 per tonne the previous day. Copper recorded the highest daily...


Alice Mason

February 26, 2020

18:12 GMT