LIVE FUTURES REPORT 18/02: Fresh 1kt inflow fails to rattle LME tin price; nickel slides 1.4%

The three-month tin price on the London Metal Exchange was little moved during morning trading on Tuesday February 18, with the largest single inflow in two months having a muted effect on price action, while nickel futures slipped below $13,000 per tonne.

The underlying tin price on the LME was recently seen at $16,595 per tonne, while turnover was high at some 215 lots traded as of 9:15am London time. This morning’s delivery saw some 1,000 tonnes of tin ingots delivered into LME-registered warehouses in Los Angeles, the first inflow into the region in more than 10 years. Total LME on-warrant tin stocks now sit at 6,845 tonnes. The delivery may reflect poor demand in the...

Published

Hassan Butt

February 18, 2020

10:25 GMT

London