Tin prices got caught up in general sentiment and profit taking in the last few trading days finnishing at $23,645 .Last night the LME stockpiles dropped a further 140t on the back of a 100t drop the previous night .This negatesd a rise in stockpiles last week ,and keeps the downtrend in stockpiles intact .If we see further drops in the stockpiles this week I expect to see a resumption in the upward price trend . In regard to MLX ,there was some good buying yesterday ,and with production of tin metal to begin in a few weeks ,MLX share price should gain to reflect this ,irrespective of the day to day tin price or general market sentiment .Its been a long time coming and share price will have to catch up to reality .
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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