LIVE FUTURES REPORT 09/04: LME tin leads gains in 2% upswing; fresh inflow, cancelation rattles zinc

The London Metal Exchange three-month tin price was boosted during morning trading on Thursday April 9, with a fresh outflow of 115 tonnes, while LME zinc’s fresh cancellation of 8,525 tonnes offset an inflow of around 8,950 tonnes.

LME tin’s outright price was recently at $14,750 per tonne, an uptick over 2% from Wednesday’s closing price of $14,397 per tonne, while just over 100 lots of material was exchanged as of 9:50am London time. A fresh outflow of some 115 tonnes across LME-registered warehouses in Baltimore, Los Angeles and Port Klang, which prompted a slightly higher price. With the exception of Singapore, the locations remain key pinch points for the 7,245 tonnes...

Published

Hassan Butt

April 09, 2020

10:05 GMT

London