LIVE FUTURES REPORT 26/10: LME base metals prices subdued on US virus stimulus doubts; tin tumbles

Three-month base metals prices on the LME were lower in morning trading on Monday October 26, with tin suffering the most after doubts emerged over the US coronavirus stimulus package and with a steady uptick in the US dollar index.

Tin’s outright price on the London Metal Exchange was recently trading at $17,865 per tonne on Monday morning, down by just under 3% from Friday’s closing price of $18,405 per tonne, while turnover was high, with more than 430 lots exchanged as of 10:30am London time. 

Selling pressure emerged largely because of surging cases of Covid-19 across Europe, with the US dollar index passing the psychological level of 93...


Hassan Butt

October 26, 2020

11:31 GMT