LIVE FUTURES REPORT 29/05: LME copper holds gains on 17kt cancellation; rest of complex subdued

The London Metal Exchange three-month copper price held on to the previous day’s gains during morning trading on Friday May 29, while a second consecutive day of fresh cancellations of metal offered support to LME copper futures.

The LME three-month copper price was recently trading at $1,541 per tonne, up $9 per tonne on the previous day’s close. Gains were broadly capped across the majority of the LME base metals complex in anticipation of United States President Trump’s press conference, where he will address the US approach to China’s current actions in Hong Kong. Much of the post-pandemic economic recovery hinges on macro-economic sentiment driven between the two...


Amy Hinton

May 29, 2020

10:23 GMT