LIVE FUTURES REPORT 27/08: LME tin price continues to weaken in 2% downslide; copper edges higher amid 17,000t cancelation

Tin’s three-month price on the London Metal Exchange continued its downtrend during morning trading on Tuesday August 27, with prices near the 2015-low and down 2% on the morning, while a fresh cancelation of just over 17,000 tonnes prompted a slightly higher copper price.

At around $15,625 per tonne, three-month tin futures have fallen by around 12% in August, shedding some $1,900 per tonne of its outright price, while a switch with the nearby nickel price – recently seen at $15,810 per tonne – has emerged this morning, with the LME tin price now cheaper than nickel. The fall in tin prices in recent months was exacerbated by a strong bout of fund-related selling from Asia on July 2, while fresh...

Published

Hassan Butt

August 27, 2019

10:40 GMT

London