MARKET TALK: LME Metals Consolidate After Volatile Moves

LME base metals are seeking a period of consolidation following the "rollercoaster moves" of the last fortnight, a broker says. April-May fund rolls continued to dominate nearby spreads and will likely soften the outright further, he notes. "The market's still nursing its wounds from its recent volatile trade and will probably tread carefully through the rest of the week," he adds.