This, "LME tin opened at USD 22,000/mt last Friday. The metal...

This, "LME tin opened at USD 22,000/mt last Friday. The metal climbed to USD 22,001/mt."

Does not logically, ie. supply/demand, supply-risk, then follow for this to happen, "before tumbling to USD 21,300/mt on worries over Indonesia’s restrictions on tin ore export."

Chinese PMI dropping will account for some of the Sn's fall, as will the AUD rise. However, I believe that the AUD, and ASX are proxies for China action. Therefore China PMI drop causes AUD/ASX drop, making Sn in AUD fall.

The bearish side is mitigated if the above assumption is valid, while upside is boosted by a strong China, renewing strong interest in equities overcoming AUD appreciation.

LME supplies will then become the key factor. Supply and demand.

OV