LIVE FUTURES REPORT 19/11: LME complex flat on lockdown fears, high dollar index

The London Metal Exchange three-month base metals prices were relatively flat on Thursday November 19, while fears of economic damage from a second-wave of Covid-19 lockdowns spread across the market.

Tin’s three-month price made the largest decline on Thursday morning, falling by 1.3% to $15,595 per tonne as of 9am. This follows a 0.9% decline from Tuesday as of 5pm on Wednesday, when the price was at $18,845 per tonne.   The rest of the complex made similar slight decreases, with stronger a US dollar also contributing to the contraction in LME base metals' prices, together with the consolidation in global equity markets.  “While the overall upward trend in base metals continues there does seem to be some hesitation...


Ana de Liz

November 19, 2020

10:36 GMT