LIVE FUTURES REPORT 28/05: LME metals end week on strong footing; tin at $30,400

May 29, 2021 / www.metalbulletin.com / Article Link

Nickel's price was up by more than 5% on the London Metal Exchange and tin's was up by 4.3% since the start of the week, with bullish momentum returning to the base-metals complex on Friday May 28 and all metal prices finishing higher than at the start of the week.

Prices bounced back following a period of weakness and correction seen at the beginning of the week, after the Chinese government called for "social responsibility" to rein in the surge in prices on the LME and the Shanghai Futures Exchange seen throughout May.
Tin's price was up to $30,740 per tonne on Friday at the close, a 2.7% increase from Thursday's price, and a 6% rise since the start of the month, with the metal having closed at $28,990 per tonne on May 4.

Tin also set a new year-to-date peak on Friday, of $30,960 per tonne,...

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