LIVE FUTURES 27/10: All base metals prices down on LME; aluminium, tin fall 5%

Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Wednesday October 27, following a further drop in coal prices and widespread selling.

“Today’s news that [China’s] National Development & Reform Commission has set the price of thermal and coking coal at levels [that will reduce] key input prices for energy-intensive metals - pertinent to aluminium - has seen prices come under further pressure,” Alastair Munro, LME desk analyst at Marex, said on Wednesday. “The implication [is] that there...


Imogen Dudman

October 27, 2021

17:17 GMT