LIVE FUTURES REPORT 15/04: LME tin price dips 2% in afternoon; Al holds above $1,500

April 16, 2020 / www.metalbulletin.com / Article Link

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...

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