LIVE FUTURES REPORT 19/03: Selling frenzy sees LME copper price continue freefall; fresh 46kt inflow puts pressure on aluminium

The three-month copper price on the London Metal Exchange was lower during morning trading on Thursday March 19, with selling pressure and high turnover prompting a further 1% decline, while a fresh inflow of some 46,475 tonnes of aluminium saw the light metal top the losses over the morning.

Copper’s outright price on the LME was recently seen at $4,687.50 per tonne, up from a morning low of $4,371 per tonne, while just under 14,000 lots were exchanged as of 9:15am London time. The red metal has suffered worst amongst its peers, along with the LME tin price, with both metals' three-month prices tumbling by more than 25% week on week. Aluminium’s underlying price topped the losses across the base metals complex this morning, falling by 1.8% to $1,608 per tonne. Turnover in the light metal...

Published

Hassan Butt

March 19, 2020

10:08 GMT

London