Tin prices pressured by a massive LME inflow The metal was delivered into Port Klang and Singapore, with stockpiles in the Asian region reportedly made up predominantly of Indonesian and Malaysia-origin material. Yet, this comes at odds with the latest ICDX...
The 3-month LME tin price tumbled to its lowest since June 2016 at $16,255 per tonne on Monday August 19, after a 1.6% sell-off last week. The resurgence of fresh shorting (reflected in the rise in open interest) was triggered by a massive net inflow of 1,580 tonnes (+33%) on August 15, the largest since December 2008.
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