The three-month tin price on the London Metal Exchange was the laggard at the close of trading on Monday June 15, slipping by more than 1% against a tightening forward curve, while a steady correction in LME copper saw it close just above the $5,700-per-tonne support level.
Tin's outright price on the LME closed at $16,845 per tonne on Monday afternoon, down from an intraday high of $16,940 per tonne, while turnover was strong at more than 400 lots exchanged by the close. Pressuring tin's three-month price lower, stocks of the metal have increased by some 770 tonnes since June 11, taking total on-warrant material to 2,575 tonnes, up from 1,615 tonnes at the start of the month. Steady inflows of tin into LME-registered warehouses have...