LIVE FUTURES REPORT 26/03: Dip-buying activity sparks near 2% rise in copper, zinc, lead prices

March 27, 2021 / www.metalbulletin.com / Article Link

There were gains of nearly 2% in some LME futures prices on the morning of Friday March 26, after a year-to-date high US Dollar Index deflated the base metals complex on Thursday.

The dollar index went as high as 92.95 on March 25, its highest level since November 13. But on Friday at 9am it had drifted down slightly to 92.74, allowing most of the London Metal Exchange base metals to rise by more than 1% from Thursday's close.
Zinc's three-month price was up the most on Friday morning to $2,824 per tonne at 9am, a 1.9% increase on its Thursday closing price of $2,771 per tonne, which was a 1% decline from its closing price on the previous day. 

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