LIVE FUTURES REPORT 19/05/21: Rising inflation fears prompt weakening LME base metals prices

May 20, 2021 / www.metalbulletin.com / Article Link

Base metals prices on the London Metal Exchange dipped slightly across the board during morning trading on Wednesday May 19, following a week of volatility and a growing sense of unease.

"Although the first trading week of May looked super bullish, I am not in the camp that base metals can hold on to the gains made. Instead, I envisage the monthly close to turn negative," Fastmarkets analyst Andy Farida said this morning. Amid fears of rising inflation, the copper three-month price fell by over 2% to $10,188 per tonne this morning, down from $10,405 per tonne at yesterday's 5pm close. Some 2,600...

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