LIVE FUTURES 27/07: LME prices fall following Monday surge; tin nears $35,000/t

Nickel's three-month price on the London Metal Exchange fell the most on the morning of Tuesday July 27, while most futures contracts had a bump during early trading but had all fallen by 9am.

The stainless steel additive was down by 2% to $19,310 per tonne at 9am on Tuesday, from Monday's closing price of $19,717 per tonne. Earlier on Tuesday, the metal reached a five-month high of $19,795 per tonne, setting its sights on the year-to-date high of $20,110 per tonne from February.  "The stainless-steel ingredient has risen more than 7% in July on firm stainless steel demand and falling inventories in LME sheds," Marex' LME Desk analyst Anna Stablum said on Tuesday morning.  There was an...

Published

Ana de Liz

July 27, 2021

08:58 GMT

London