Tin Trades Trudge On
One investor seems to be buying up most of the tin traded on the LME. Sparking unease among traders, several questions are doing the rounds - are the prices being pushed up artificially? Why the big position? Who benefits?
One investor seems to be buying up most of the tin traded on the LME. Sparking unease among traders, several questions are doing the rounds - are the prices being pushed up artificially? Why the big position? Who benefits?
Tin has been experiencing a strong bull market in the last three years. In late 2005, the price of tin was around $6,000/t. Since then, the price has exploded, setting a record high $25,000/t on May 15, 2008. So far this year, the tin price has increased $53.
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