LIVE FUTURES REPORT 23/11: LME complex steady from recent highs

London Metal Exchange three-month base metals prices remained broadly unchanged - amid an upbeat sentiment on Monday November 23 - from the previous Friday’s session, when most prices rallied on account of momentum-based trading.

Nickel’s three-month price hit $16,200 per tonne as of 9:20am on Monday, a 0.3% increase from Friday closing price of $16,151 per tonne.   AstraZeneca’s announcement that its Oxford-AstraZeneca vaccine is 70.4% effective, with tests on two dose regimens showing that it could be up to 90% effective - an efficacy close to that of Pfizer and Moderna - seemed to support the complex this morning.  On Friday, nickel’s price increased by 2% from its Thursday close price to reach $16,151 per tonne, the metal's highest price since November 2019.   Nickel’s price followed the trend of other metals on Friday such as...

Published

Ana de Liz

November 23, 2020

11:22 GMT

London