LIVE FUTURES REPORT 18/04: LME base metals universally suppressed in morning trading; weak EU data overtakes China data optimism

April 19, 2019 / www.metalbulletin.com / Article Link

Base metals price on the London Metal Exchange were all trading down on Thursday April 18 after the previous day's boost from positive Chinese industrial production and retail data was replaced by bearish sentiment on weak European data, in particular German PMI figures.

Base metals prices spiked on Wednesday when positive Chinese data sparked a spate of bullish consumption, but analysts consider yesterday's rally to be nothing more than a bull trap as the market excited itself and tried to capitalize on China's first positive 2019 data figures. "Some buyers may have got excited trying to make quick bucks, driving prices higher...

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok