LIVE FUTURES 25/10: Focus on fundamentals help LME copper prices shrug-off bearish China developments

Base metals on the London Metal Exchange closed the session higher on Monday October 25, but market participants expect further weakness in coming sessions.

The three-month copper price led the base metals uptrend, closing at $9,867.50 per tonne, up 1.68% from the close of $9,704 per tonne on Friday October 22. 

Market participants continued to focus on dwindling copper stocks in LME sheds, with a net 1,750 tonnes leaving the system on Monday. Most of the outflows, 1,250 tonnes, were concentrated in Rotterdam.
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Published

Justin Yang

October 25, 2021

18:48 GMT

London