LIVE FUTURES REPORT 28/05: Tin at new decade high on LME, other prices consolidate

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

Tin was the standout performer on the morning of Friday May 28, reaching a new year-to-date peak of $30,800 per tonne, while other LME futures prices had a more up-and-down start, with some having ended the Thursday session with increases of more than 3%.

After reaching $30,800 per tonne during early trading - its highest level since April 2011 - tin was down slightly to $30,605 per tonne at 9am, although this was still a 2.3% gain from Thursday's closing price. 
The total amount of LME tin inventories on Friday stood at just 825 tonnes, the lowest since February 2, following a 30-tonne outflow from Port Klang warehouses in Malaysia. 

Of the overall inventories, however, 455 tonnes are booked for removal, meaning that just 370 tonnes of material - spread between Port...

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