LIVE FUTURES REPORT 26/10: Selling pressure sees LME tin price fall 1.7%; copper below $6,800

The three-month price of tin on the London Metal Exchange was the laggard at the close of trading on Monday October 26, losing just under 2% of its price against the highest daily volume count since September 23, while selling pressure saw the LME copper price sink below nearby support levels over the afternoon.

Tin’s outright price on the LME closed at $18,050 per tonne on Monday, recovering from an intraday low of $17,750 per tonne, but dipping from a daily high of $18,435 per tonne, to close at its lowest closing price since October 5. Turnover in LME tin was at its highest since late-September with more than 750 lots exchanged by the 5pm close, while selling pressure emerged after the metal’s forward curve tightened late last week. LME tin’s benchmark cash/three-month spread was recently trading in a $29...

Published

Hassan Butt

October 26, 2020

18:30 GMT

London