LIVE FUTURES REPORT 12/10: LME zinc, lead prices up 1% in steady buying; copper spread flips to contango

The three-month prices for zinc and lead on the London Metal Exchange were the standout performers at the close of trading on Monday October 12, with the prices of both metals climbing by just over 1% at settlement.

Meanwhile, selling pressure for LME copper saw its underlying price edge lower, while forward spreads swung back into contango. Zinc’s outright price on the LME closed at $2,440 per tonne on Monday afternoon, climbing from an intraday low of $2,403.50 per tonne, while turnover was moderate at some 7,200 lots exchanged by the close. Sister-metal lead was similarly higher over the afternoon, with the metal’s three-month LME price closing at $1,845.50 per tonne, recovering from an intraday low of $1,805.50 per tonne, while daily turnover was similarly average at just under 4,000...


Hassan Butt

October 12, 2020

17:45 GMT