Base Metals: Tin Untraded
Reuters reported on base metals trading on Friday noting tin remained untraded on expectations of higher production.
Reuters reported on base metals trading on Friday noting tin remained untraded on expectations of higher production.
Reuters Africa reported base metals were mostly up on Monday with tin the best performer of the month.
As the old adage goes, “The only cure for high prices, is high prices.” The fundamentals of the tin market are showing this statement to be true. The high price in April prompted a sell-off of stocks in China. Now that the price is depressed Indonesia has ban exports hoping for a higher price.
Reuters reported tin rose to a two-week high, tracking gains across the base metals complex.
IBTimes reported base metals closed the day mostly lower on the London Metal Exchange Tuesday.
Reuters reported base metals dropped, except tin,as threats to the global economy gave rise to a bearish mood among investors.
Mining Weekly reported base metals slid as a stronger dollar put pressure on prices.
Reuters Africa reported tin on the London Metal Exchange slipped to the lowest price in a year.
Reuters Africa reported tin premiums in Europe rose this week as inventories declined in London Metal Exchange (LME) warehouses.
Tin and nickel have been in a battle for the highest priced non-precious metals traded on the LME. Currently the price of tin on the LME is $23,450 per tonne, while nickel is priced at $21,645 per tonne. Comparing the supply and demand fundamentals of the two markets is essential.
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