LIVE FUTURES REPORT 01/04: LME copper price holds at $4,800/t; Al sinks below $1,500/t

The three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday April 1, with price action shedding some $133.50 per tonne against moderate volumes, while continued inflows saw aluminium futures dip below nearby support.

Copper’s outright price on the LME closed at $4,800 per tonne on Wednesday afternoon, climbing from an intraday low of $4,769 per tonne, while turnover was moderate at just over 15,000 lots exchanged by the close. This comes after strong buying momentum in the red metal, which rallied to an intraday high of $4,912 per tonne during Asian trading hours, despite a fresh outflow of some 1,025 tonnes, the bulk of which was removed from LME-registered warehouses in Trieste. Additionally, open interest in LME copper...

Published

Hassan Butt

April 01, 2020

17:51 GMT

London