Tin Falls Following 6 Percent Gain

Reuters reported that after rising 6 percent on Monday to close at $22,970 per tonne, three-month tin dropped. Monday’s rise was caused by a fall in Indonesia’s November shipments of refined tin.

As quoted in the market news:

“We would expect tin prices to be fairly choppy over the next few days as long-term, technical funds buy dips and trade/macro players look to sell any rally,” RBC said in a research note.

Click here to read the full Reuters report.