LIVE FUTURES REPORT 28/02:LME lead briefly slips below $1,800 mark; backwardation continues

February 29, 2020 / www.metalbulletin.com / Article Link

The London Metal Exchange three-month lead price slipped below $1,800 per tonne temporarily on Friday February 28, on a day that saw just over 6,000 lots traded.

The LME lead price fell to $1,778.50 per tonne during morning trading hours in London, but recovered to close at $1,848 per tonne.The forward spreads in lead remained tight, with the benchmark cash-to-three-month spread...

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