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Tin Investing News reports tin markets are pretty tight. The worry is that market participants who are caught short of the metal at certain dates during this period could be forced to pay very high prices to cover themselves. Looming tightness in the tin market is reflected in a backwardation — where nearer dates command …
Tin Investing News reports tin markets are pretty tight.
The worry is that market participants who are caught short of the metal at certain dates during this period could be forced to pay very high prices to cover themselves. Looming tightness in the tin market is reflected in a backwardation — where nearer dates command higher prices than those further away — in contrast to the contango structure.
The September contract was valued at $14,405 a tonne, representing a $850 premium to December.
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