LIVE FUTURES REPORT 03/04: Fresh 1,900t inflow cools LME tin price; copper nears $4,900/t

The three-month tin price on the London Metal Exchange fell by 1.3% during morning trading on Friday April 3 after 1,900 tonnes of tin was delivered into LME-registered warehouses, while copper continues to test nearby resistance levels.

The three-month tin price on the LME was recently trading at $14,125 per tonne, down from an intraday high of $14,400 per tonne, while turnover was moderately high at just over 100 lots exchanged as of 10am London time. Tin’s forward curve on the LME remains volatile; its benchmark cash/three-month spread flipped into an $80 per tonne backwardation earlier this week, from an $80 per tonne contango last week. The cash/three-month spread was recently in a $66 per tonne...


Hassan Butt

April 03, 2020

09:53 GMT