LIVE FUTURES 21/09: LME prices stable following Monday sell off; over 50kt of aluminium cancelled

Base metal prices on the morning of Tuesday September 21 stuck near the levels seen at the sell-off on Monday, triggered by continued uncertainty over the fate of Chinese property developer Evergrande.

Copper's three-month price was at $9,053 per tonne, for example, a small rise from its closing price of $9,033 per tonne on Monday, a 3% drop from last Friday's 5pm price.
The red metal dropped to $8,975 per tonne on Monday, falling below the $9,000 per tonne mark for the first time since August 20. Its lowest price on Tuesday was $9,010 per tonne at the time of writing.

Its cash/three-month spread was in a $17.15 per tonne backwardation on...

Published

Ana de Liz

September 21, 2021

09:20 GMT

London