LIVE FUTURES REPORT 24/09: LME Tin soars past $36,000/t, zinc above $3,100/t

High energy prices and subsequent power-cut plans have been the boosting factors for metals such as tin and zinc on the morning of Friday September 24. Most other London Metal Exchange (LME) prices were close to their Thursday levels.

Tin's three-month price soared to a new all-time high of $36,770 per tonne on Friday morning on the LME, a 3.7% rise from its $34,460 per tonne price at the 5pm close on Thursday.
Power rationing in the Chinese province of Guangxi and in Yunnan Province – where the world's biggest smelter, Yunnan Tin, is located – had been pushing the metal higher. And in Hubei, smelters have recently been suspended due to environmental inspections, LME Desk analyst at Marex Anna Stablum said on Friday morning.

The Shanghai Futures Exchange (SHFE) front-month price...

Published

Ana de Liz

September 24, 2021

09:27 GMT

London