Copper's three-month price was at $9,750 per tonne at 9am, down from Monday's 5pm price of $9,867.50 per tonne.
Following the LME's newly imposed rules
, copper stocks kept declining. On Tuesday they were at a total of 155,000, although no metal has been booked for removal in the past two days.
Some 8,450 tonnes were delivered out of warehouses on Tuesday, while 3,800 tonnes also made it into LME sheds, primarily in Hamburg (3,500 tonnes).
Copper’s cash/three-month spread closed...