LIVE FUTURES REPORT 18/05: LME tin price at decade highs; zinc up 1.4%

Zinc and tin futures prices on the London Metal Exchange reached new year-to-date peaks on Tuesday May 18, with the dollar index at its lowest since late February and recent developments in Latin America boosting other base metals prices as well.

Zinc’s three-month price reached $3,108.50 per tonne on Tuesday during early trading, the most since June 15, 2018.

It was also up 1.4% at the 5pm close to $3,057 per tonne against Monday’s price of $3,014 per tonne, which had also been a 2.6% rise from Friday.

Meanwhile, tin’s price reached its highest prices since May 5, 2011 on Tuesday, with an intraday high of $30,650 per tonne.

Its closing price at 5pm, of $30,455, was up 1.9% from Monday’s reading of $29,895 per tonne, an uptick boosted by its LME stock levels,...

Published

Ana de Liz

May 18, 2021

16:47 GMT

London