LIVE FUTURES REPORT 28/02: LME aluminium price at 2016 low; complex down on virus concerns

Base metals prices on the London Metal Exchange were lower across the board again during morning trading on Friday February 28, due to the global coronavirus outbreak continuing to put bearish pressure on the market.

“Markets across the world from commodities to equities fell on Friday as investors feared a coronavirus pandemic. The MSCI World Index headed for the worst week since the financial crisis and more companies slashed earnings estimates,” Marex Spectron said in its morning note. The novel coronavirus (2019-nCoV) has rapidly spread outside China over the past week, including a significant number of cases in Italy. Zinc and aluminium prices dropped to 2016 lows during early morning trading...


Alice Mason

February 28, 2020

10:17 GMT