LIVE FUTURES REPORT 04/05: LME copper price nears $5,000/t in steady decline; tin slips below $15,000/t

The three-month copper price on the London Metal Exchange was lower during morning trading on Monday May 4, with price action losing some 0.8% against low turnover, while the LME tin price also lost ground over the morning.

Copper's outright price on the LME was recently seen at $5,065 per tonne, down from Friday's closing price of $5,110 per tonne, while turnover was low over the morning with just over 2,600 lots exchanged as of 9:40am London time.
Open interest in LME copper has fallen by some 3,326 positions overnight to 342,403 open positions, down from more than 430,000 positions at the start of February.

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