MORNING VIEW: Base metals prices mainly weaker in quiet trading

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday September 7, while all but aluminium on the Shanghai Futures Exchange were down.

China’s imports and exports growth accelerated in August, compared with July’s increases… …this despite Covid-19 disruptions and container shortages Base metals Three-month base metals prices on the LME were mainly weaker this morning; tin had not traded as of 5.53am London time, but the rest were down by an average of 0.3%, with copper down by 0.4% at $9,414 per tonne. Volume across the complex was low with just 2,215 lots traded, compared with a more usual volume of around 6,000 tonnes at a similar time of day. The most-active base metals contracts on the SHFE were mainly firmer; the exception was October aluminium that was up by 0.3%, while the rest were down by an average of 0.7%, led by a 1.5% decline in October lead, with October copper down...


William Adams

September 07, 2021

07:12 GMT