MLX 2.33% 42.0¢ metals x limited

Tin price, page-272

  1. 185 Posts.
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    11 March, 2021

    Dear readers,

    Tin recovered from an end-February stumble in the base metals complex. The price now sits at nearly US$ 26,000/tonne. Three month prices had previously peaked at US$ 27,500/tonne on 25 February, before falling below US$ 23,000/tonne at the beginning of March.

    Strong fundamentals continue to support high prices. Despite the backwardation flaring back out to around US$ 3,000/tonne, little metal has entered the LME. Premiums are reportedly at record highs, with little metal available on spot deals. Customers are having to over-order metal, if possible, to ensure stocks are available should deliveries be delayed. Heavier-than-normal seasonal rains are impacting both Indonesian and Brazilian mining, constraining metal output.

 
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Last
42.0¢
Change
-0.010(2.33%)
Mkt cap ! $382.8M
Open High Low Value Volume
42.5¢ 44.0¢ 41.5¢ $2.172M 5.043M

Buyers (Bids)

No. Vol. Price($)
9 163080 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 104533 24
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