LIVE FUTURES REPORT 01/03: LME lead price spearheads recovery following month-end sell off; tin drops to $24,295/t

The London Metal Exchange lead price was up 1.5% and most other base metals prices were in positive territory following month-end profit-taking on Friday, while tin’s price tumbled by 5% on the morning of Monday March 1.

Lead’s three-month price was up at $2,083.50 per tonne on Monday at 9am, following a 4.9% slump on Friday at 5pm to $2,052.50 per tonne.

The price had reached $2,185 per tonne one week ago, its highest intraday price since October 31, 2019, having held above the $2,100 per tonne level since mid-February.

The tin price, meanwhile, has not recovered from Friday’s profit-taking: the metal’s price was down to $24,295 per tonne on Monday at 9am, more than 5% lower than from Friday’s 5pm price of $25,664 per tonne. Friday’s price was 4.4% lower than the...

Published

Ana de Liz

March 01, 2021

10:05 GMT

London