LIVE FUTURES REPORT 19/04: LME nickel down 1.5%, copper above $9,300

Three-month prices for base metals on the London Metal Exchange showed mixed fortunes at the close of trading on Monday April 16, despite the US Dollar Index being at a six-weeks low, with only copper showing a gain a of more than 1%, and nickel falling from its Friday price.

Copper’s three-month price was up by 1.8% at 5pm on Monday to $9,376 per tonne, compared with Friday’s closing price of $9,211 per tonne. Trading volumes, at more than 19,200 lots by 5pm, were up from Friday (17,499 lots by the close) and from last week’s daily average of 15,780 lots. The metal’s price reached an intraday high of $9,436 per tonne during earlier trading, within reach of its year-to-date peak of $9,617 per tonne from February 25. “After being stuck in consolidation mode since March, LME copper resumed its bull run last week and further...

Published

Ana de Liz

April 19, 2021

17:10 GMT

London