LIVE FUTURES REPORT 06/11: LME lead price shows biggest loss in 1.7% downturn; tin up 0.5%

November 07, 2019 / www.metalbulletin.com / Article Link

The three-month lead price on the London Metal Exchange was lower at the close of trading on Wednesday November 6, settling at its lowest level since early October, while tin's outright price was the only positive move over the day's trading.

Lead's futures price on the LME closed at $2,115 per tonne in the afternoon, its lowest closing price since October 1, while turnover was moderate at just under 4,000 lots exchanged by the close.Forward spreads in the metal loosened over the afternoon, with lead's benchmark cash/three-month spread recently trading in a $1.75 per tonne backwardation, from a backwardation of $20 per tonne on October 30.Despite volatile price action over October, lead's exchange stock levels have remained broadly steady at around 60,000-70,000 tonnes, and...

Recent News

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok