LIVE FUTURES 23/09: Tin, copper advance the most on LME; 25kt of copper cancelled

Base metal prices were slightly higher on the morning of Thursday September 23, but stayed close to their closing prices from Wednesday, with worries about Evergrande easing.

"Investors grew more confident a disorderly default [had been] avoided after a real estate unit of the group managed to negotiate a debt resolution yesterday [Wednesday]," LME Desk analyst at Marex, Anna Stablum, said on Thursday morning.
The real estate developer also had $83.5 million in dollar-bond interest payments due on Thursday. "The Chinese central bank injected the most money in eight months, 110 billion yuan [$17 billion], to soothe markets," Stablum added. 

Copper's three-month price was seen at $9,346 per tonne on Thursday morning,...

Published

Ana de Liz

September 23, 2021

10:11 GMT

London