Indonesia is due to instigate it's 'clean and clear regulations' from November 1 and every other clampdown on illegal tin has resulted in a flood of exports just before rules come into force. This has ultimately been a reason why the Indonesian rule tightening scenario has not had much effect on short term prices.
But so far the LME stocks have trickled down ( sub 4500) and I haven't seen an influx from Indonesia yet.
If the market is disappointed on that or if the clean and clear clearances haven't all been granted as yet ( which is likely) then stocks may drop suddenly
eventually a trigger will force prices up based on simple supply and demand - if this is it then the timing couldn't be better with settlement and DFS round the corner
CSD Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
