Not only is the tin price down sharply, it's backwardated. Future prices are less that spot / front month. That means the market thinks there is a temporary supply shortage and speculators can commit to future deliver at lower prices. (Contango is more usual.) I have no crystal ball but the price chart it telling me that tin will go lower. LME Tin | London Metal Exchange Am still researching MLX and don't have a view yet. Thanks @edshann for the simple models above.
MLX Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
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