LIVE FUTURES REPORT 12/07: New 2021 highs for LME tin, rest of complex falls back

July 13, 2021 / www.metalbulletin.com / Article Link

Tin's three-month price on the London Metal Exchange reached a new year-to-date peak of $32,250 per tonne on Monday July 12, with the soldering metal being the star performer while the rest of the base-metals complex fell from their Friday prices.

Tin's futures contract was $32,094 per tonne at the close of trading on Monday, a 1.3% rise from its price at the same time on Friday of $31,680 per tonne.
The metal was trading at its highest since 2011, with the all-time high of $33,600 per tonne set in April of that year within sight, because of the constrained fundamental situation in the tin market.

Supply concerns continued to weigh on tin, with the reopening of its third-largest producer, Malaysia's MSC, uncertain amid lockdown in the Southeast...

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