FOCUS: Tin has strong start to 2018 with LME stocks at record lows

Tin stocks at London Metal Exchange warehouses have fallen further since the start of 2018, with a 34% reduction in on-warrant stocks pushing tin prices to a three-month high.

Total tin stock levels are at 1,780 tonnes as of Wednesday January 24 – their lowest since the 1980s – after a series of cancelations and deliveries out since January 10. This is in comparison with the start of 2017, when January saw 2,480 tonnes of tin delivered into LME-listed warehouses. “Tin prices will be looking to touch back over $21,000 per tonne; there is enough tightness in the market and stocks look worryingly low,” a trader said, adding, “There was a period in December where we thought stocks...

Published

Alice Mason

January 24, 2018

12:25 GMT

London