The prices paid for base metals traded on the London Metal Exchange were almost universally suppressed during morning trading on Monday July 22, with uninspiring macro data precipitating thin trading volumes
Tin was the only metal to buck the trend and trade at parity with the afternoon kerb close on July 19, which is around $17,800 per tonne. The LME three-month tin contract may be holding on account of inventory movements at 9am today, with 50 tonnes removed from Rotterdam and Singapore warehouses and a further 115 tonnes freshly canceled in Baltimore and Singapore. Global LME tin stocks are now at 6,410 tonnes, which is up a significant 86% from 3,445 tonnes on July 12. Elsewhere,...