MLX 1.00% 49.5¢ metals x limited

From the International tin association.03 Oct 2024Dear...

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    From the International tin association.

    03 Oct 2024

    Dear readers,
    The LME 3-month tin contract closed at $33,893 on Wednesday, continuing its climb seen through the past month. Indonesian exports have picked up in September, however some major producers have now reached their export quotas, necessitating a renegotiation before exports can resume. Myanmar's Wa region remains quiet with no substantiated evidence of progress towards a mining restart at Man Maw, while export volumes continue to decline as concentrate inventories deplete and China's feedstock squeeze tightens. Sentiment among tin consumers is positive, with market participants anticipating an overall demand recovery in 2024.

    Freddie Mitchell - Market Analyst


    Last edited by edshann: 04/10/24
 
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