LIVE FUTURES REPORT 14/07: Tin bucks wider downtrend to hit year-to-date high

July 15, 2021 / www.metalbulletin.com / Article Link

Tin continued to be unaffected by global macroeconomic pressures and reached a new year-to-date peak of $32,775 per tonne on the afternoon of Wednesday July 14, while other base metals traded on the London Metal Exchange ended the day's session with lower prices.

The three-month price for tin closed 0.8% higher on Wednesday at $32,661 per tonne compared with Tuesday's 5pm price, with its all-time high of $33,600 from April 2011 within reach.
"Reuters reports that officials in [China's] Southwest Yunnan province have asked zinc and tin smelters to cut power usage by 25%," ED&F Man's head of commodity research, Edward Meir, said on Wednesday afternoon.

The region had already shut its smelters in May due to the effects of...

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