The Conversation (0)
Reuters reported on base metals trading on Thursday as tin fell spurring buying in the market.
Reuters reported on base metals trading on Thursday as tin fell spurring buying in the market.
As quoted in the market news:
In tin, a sharp drop in the price has spurred a pickup in China purchases, RBC Capital said in a note.
Three-month tin, one of the LME’s smallest and most illiquid contracts, hit a 10-month low of $17,125 a tonne on Wednesday. It closed up 2.33 percent at $17,750 on Thursday. The metal is still down around 6 percent this week.