LIVE FUTURES REPORT 29/09: LME base metals prices consolidate; copper gets fresh 34kt inflow

Three-month base metals prices on the London Metal Exchange were predominantly lower during morning trading on Tuesday September 29, with a fresh inflow of more than 34,000 tonnes of copper doing little to impact the metal’s stagnant price, while tin futures showed fight in a 0.4% uptick.

Copper’s outright price on the LME was recently trading at $6,559.50 per tonne, dipping 0.5% below Monday’s closing price of $6,572 per tonne, while turnover was moderate at more than 5,300 lots exchanged as of 10:15am London time. LME copper’s price action has largely shrugged off this morning’s inflow of 34,125 tonnes of material, of which more than 20,000 tonnes were delivered into LME-registered warehouses in Rotterdam. More...

Published

Hassan Butt

September 29, 2020

09:50 GMT

London