LIVE FUTURES REPORT 27/03: Fresh cancellation sees LME tin price rise 2.7%; zinc improves

The three-month tin price on the London Metal Exchange was higher during morning trading on Friday March 27, with prices supported by a cancellation of 700 tonnes out of LME-registered warehouses in Port Klang, while zinc futures showed signs of improvement.

Tin’s underlying price on the LME was recently seen at $14,310 per tonne, up from a morning low of $13,970 per tonne. Turnover was moderate at 47 lots exchanged as of 9:30am London time. This comes after some 700 tonnes of material was freshly canceled out of warehouses in Port Klang, taking LME on-warrant material in the region to 1,820 tonnes, down from 2,465 tonnes on Wednesday. Today’s cancellation follows some 480 tonnes of material freshly...

Published

Hassan Butt

March 27, 2020

10:29 GMT

London