The London Metal Exchange three-month tin price closed trading higher on Monday April 6, with thin volumes across the complex allowing it capture the bulk of price gains, while aluminium entering LME warehouses put the light metal under pressure.
LME tin's underlying price closed at $14,280 per tonne on Monday afternoon, climbing from an intraday low of $14,140 per tonne, while just 188 lots of tin traded over the day - the lowest since February 20. With open interest in LME tin at just 19,122 open positions - the smallest sized market in the complex - low liquidity often subjects LME tin's outright price to more pronounced swings.The upward price action in LME tin comes despite some...