LIVE FUTURES REPORT 04/05: LME copper price nears $5,000/t in steady decline; tin slips below $15,000/t

May 05, 2020 / www.metalbulletin.com / Article Link

The three-month copper price on the London Metal Exchange was lower during morning trading on Monday May 4, with price action losing some 0.8% against low turnover, while the LME tin price also lost ground over the morning.

Copper's outright price on the LME was recently seen at $5,065 per tonne, down from Friday's closing price of $5,110 per tonne, while turnover was low over the morning with just over 2,600 lots exchanged as of 9:40am London time.
Open interest in LME copper has fallen by some 3,326 positions overnight to 342,403 open positions, down from more than 430,000 positions at the start of February.

Yet broad risk-aversion across commodities,...

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