LIVE FUTURES REPORT 21/09: Copper spread squeeze ratchets up as stock cancellations grow

Copper's biggest squeeze in a year is ratcheting up as cathode continued to be canceled from London Metal Exchange-listed warehouses on Monday September 21.

A total of 11,100 tonnes of copper has been freshly canceled, according to LME data released on Monday, showing 4,775 tonnes coming out of Bilbao and 6,325 tonnes from New Orleans sheds.

The cancellations mean LME on-warrant stocks of the metal remain close to...


Archie Hunter

September 21, 2020

08:57 GMT