Base metals prices were all in decline during morning trading on Monday June 15, with copper experiencing the most significant fall after the Chinese markets reopened and futures prices were sold.
LME copper's three-month price fell to an intraday low of $9,623.50 per tonne, the lowest since April 27 and a 3.5% decrease from $9,971.50 per tonne at Monday's close. As of 9am, LME three-month copper was at $9,685 per tonne. Trading volumes were also significant after China returned to the market on Tuesday, with over 12,200 lots traded by the time of writing - almost double the 6,504 lots traded on Monday. "Of late, we have seen how...