Tin's three-month price on the London Metal Exchange continued its downtrend during morning trading on Tuesday August 27, with prices near the 2015-low and down 2% on the morning, while a fresh cancelation of just over 17,000 tonnes prompted a slightly higher copper price.
At around $15,625 per tonne, three-month tin futures have fallen by around 12% in August, shedding some $1,900 per tonne of its outright price, while a switch with the nearby nickel price - recently seen at $15,810 per tonne - has emerged this morning, with the LME tin price now cheaper than nickel. The fall in tin prices in recent months was exacerbated by a strong bout of fund-related selling from Asia on July 2, while fresh...