LME 3-month price has dipped below $28,000/t for the first time since April as tin's fund support continues to unwind. The net speculative position for tin on the LME has decreased to 300 contracts long, a significant drop from the record highs seen in July and September, as sentiment across base metals markets turns more bearish. Although Indonesian exports are anticipated to remain robust through the end of the year, China’s feedstock market continues to face constraints. Additionally, SHFE stocks are depleting again, with live warrants falling below 6,000 t this week.
MLX Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
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