LIVE FUTURES REPORT 08/06: Tin above $31,000 on MSC disruption; lead, aluminium rise

Tin was the best performer on the London Metal Exchange on June 8 due to its constrained global supply situation being set to worsen amid disruption from MSC, while the rest of the complex finished positively on afternoon US trade despite a broader consolidation.

LME tin’s three-month price closed at $31,223 per tonne on Tuesday, jumping up by 2.3% from Monday’s closing price of $30,525 per tonne, and after reaching a new year-to-date high of $31,470 per tonne during morning trading.

LME three-month tin's new 2021 peak was the reaction of an already deeply undersupplied market to news that its third largest producer, the Malaysian Smelting Corporation (MSC), declared force majeure on shipments...


Ana de Liz

June 08, 2021

16:54 GMT