LIVE FUTURES REPORT 26/03: Market volatility pushes LME copper down 1.5%; tin slips below $14,000/t

The London Metal Exchange three-month copper price declined during morning trading on Thursday March 26, with price action consolidating near the $4,800-per-tonne support level amid mild turnover, while tin futures failed to hold gains in a 2.4% downturn.

Copper’s outright price on the LME was recently at $4,803 per tonne, down by 1.5% from Wednesday’s closing price of $4,855 per tonne, while turnover was moderately low with just over 4,000 lots as of 9:30am London time.
Open interest in LME copper is trending lower and is now at its lowest since September 2019 at 364,668 total positions, down from more than 400,000 open positions at the start of 2020.

Broad risk-aversion and market volatility in the financing space has prompted unusual swings in LME stock...


Hassan Butt

March 26, 2020

10:35 GMT