@keatz
An Excerpt from your ********* Tin Link today
"... At one stage on the London Metal Exchange trading overnight, the cash spot price was up US$5,000 per tonne in just that session and briefly pushed above US$30,500, which is a move described in reports from London as “short squeezing”.
At session’s close, the cash price for the metal was US$29,625/t, up US$4,280 (or 16.8%), while the three-month price ended at US$24,385/t, which was a gain of US$735 (3.1% higher). That is a backwardation of US$5,420/t, a dramatic sign that the supply-demand situation is under enormous strain as buyers tie up physical metal for immediate delivery.It is the greatest gap between cash and three-month prices in 30 years..."
Just image what would happen if Nigel happened to drop a AVZ tin offtake confirmation Ann this week. AVZ being the worlds biggest tin resource Jorc defined but not currently being mined.
- Forums
- Charts
- AVZ chart
@keatzAn Excerpt from your ********* Tin Link today "... At one...
- There are more pages in this discussion • 2,891 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.752B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AVZ (ASX) Chart |
Day chart unavailable