LIVE FUTURES 21/09: Prices drop as anxiety grows over Evergrande; copper, aluminium down 0.6%

Base metals prices on the London Metal Exchange were down across the board on Tuesday September 21 with uncertainty related to Chinese construction company Evergrande continuing to cast a shadow over the market.

“This week’s sell-off was triggered by a sharp negative turn in global risk sentiment, with the world keeping a close eye on the collapse of Chinese property developer Evergrande and traders attempting to price the contagion risks,” Fastmarkets analyst Boris Mikanikrezai said on Tuesday. “It is still unclear what amount of damage the Chinese government is willing to take before stepping in [to the Evergrande situation]. But in the current environment, all risk assets are likely...

Published

Imogen Dudman

September 21, 2021

16:45 GMT

London