The three-month tin price on the London Metal Exchange was the worst performer across afternoon trading on Wednesday April 15, dipping by just less than 2% and wiping out gains made earlier in the day, while aluminium futures held above nearby support despite continued inflows.
Tin's outright price on the LME closed at $15,093 per tonne at the 5pm close, falling from an intraday high of $15,425 per tonne, while turnover was high at more than 400 lots exchanged over the day.The metal's underlying price had rallied beyond the $15,000 per tonne resistance level earlier this week, with supply concerns out of key producing regions - particularly Indonesia, China and South America - prompting steady buying.Yet this came amid continued volatility in LME tin stocks, which...