"LME tin price has fallen by over 5% this week, with three-month price closing at $29,663/t yesterday. Disappointing reaction to China's latest stimulus package and a strengthening US dollar following Trump's election victory have dampened prices across the base metal complex. Tin's strong net-long fund positioning on the LME has also softened over the past month, although supply challenges, particularly in Myanmar, remain. Meanwhile, global semiconductor sales for Q3 increased by 23% year-on-year as demand rebounds from last year's downturn."
China and supply are the keys.
MLX Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
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