LIVE FUTURES REPORT 26/04: Dollar dip spurs buying in LME base metals but aluminium price ends lower

April 27, 2019 / www.metalbulletin.com / Article Link

Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Friday April 26, supported by a slight dip in the US dollar index below the psychological level of 98.

Solid GDP figures from the US also aided buying momentum.The three-month zinc price closed at $2,768 per tonne, up by more than 1% over the afternoon, in decent volumes - almost 10,000 lots changed hands, compared with 14,000 lots of copper and 12,000 of aluminium. After more than 30,000 tonnes of material arrived in LME-registered warehouses, zinc's LME on-warrant stock is up by 46% since mid-March at 78,100...

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