LIVE FUTURES 06/09: Lead down 1.5%; aluminium prices continue to tick upward

Base-metals prices on the London Metal Exchange moved in different directions at the close of trading on Monday September 6, with aluminium continuing to reach new highs, while metals such as lead and tin ended the day on the back foot.

Lead's three-month price was $2,275.00 per tonne on Monday at 5pm, dropping from last Friday's price of $2,310.50 per tonne.
The metal reached a year-to-date peak of $2,412.50 per tonne in early August but has struggled to maintain that level, ending the trading session below its 20-day moving average (DMA) on Monday at $2,291 per tonne.

Its cash/three-month spread, which reached as high as a $218 per tonne backwardation...

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