The three-month tin price on the London Metal Exchange was the standout performer at the close of trading on Tuesday October 1, closing over 2% higher amid high turnover while mixed trading pushed zinc futures 2.4% lower.
Trading at an intraday low of $15,950 per tonne, LME tin's outright price broke past the $16,000-per-tonne threshold over the morning session, settling at $16,250 per tonne by 5pm.Volumes traded in tin were high over the afternoon, with some 446 lots exchanged by the close, the highest since September 20.Yet tin's price comes against a continued uptrend in LME stocks, which now sit at 6,785 tonnes, and with just 345 tonnes canceled, LME tin availability remains high. This follows LME material falling to just 555 tonnes on-warrant in...