LIVE FUTURES 20/09: Copper down 3% after Evergrande concerns affect global markets

Base metal futures all closed in the red on Monday after fears over China's property building sector prompted a selloff in global financial markets.

At the 5pm close on Monday, London Metal Exchange three-month copper futures were at $9,033 per tonne, down by $279 - or 3% - against Friday's end of market levels. Aluminium dropped the least of the complex, down by 0.77% at $2,863 per tonne.
China's second largest property developer, Evergrande Real Estate Group, faces two major interest repayments in the week ending September 24 including a $83.5 million payment related to a March 2022 bond due on Thursday, with bond markets pricing in the possibility of default.

On September 20, China's...

Published

Archie Hunter

September 20, 2021

17:32 GMT

London