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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11 March, 2021Dear readers,Tin recovered from an end-February...
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Last
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Mkt cap ! $416.8M |
Open | High | Low | Value | Volume |
45.0¢ | 46.3¢ | 45.0¢ | $1.023M | 2.238M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 45000 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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46.5¢ | 182780 | 5 |
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No. | Vol. | Price($) |
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1 | 45000 | 0.455 |
5 | 320801 | 0.450 |
2 | 22500 | 0.445 |
5 | 241200 | 0.440 |
2 | 26150 | 0.435 |
Price($) | Vol. | No. |
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0.465 | 48000 | 3 |
0.470 | 51394 | 2 |
0.475 | 30000 | 1 |
0.480 | 118808 | 3 |
0.485 | 179123 | 6 |
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Change
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