Tin jumps over 5% on supply concerns
London Aug 21 (Reuters) - Tin jumped more than 5 percent on expectations that supply from Indonesia, the world's second-largest tin producer after China, will decline, traders said.
Tin for three-month delivery on the London Metal Exchange rose to $21,550 a tonne from a last quote of $20,500/20,505 on Wednesday.
Consultancy ITRI said the global tin supply deficit was forecast to reach up to 20,000 tonnes in 2008 due to falling supplies from Indonesia, revising up an earlier estimate of 12,000 tonnes.
It also estimated refined output from Indonesia of 71,500 tonnes in 2008, down from 78,000 tonnes last year. [ID:nSP268399
tin............ is going ballistic again , page-4
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.0¢ |
Change
0.050(11.1%) |
Mkt cap ! $453.1M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 50.0¢ | 47.0¢ | $4.153M | 8.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3031 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 133964 | 7 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |