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Perth Now reported on base metals trading on Tuesday on the London Metal Exchange as tin became the stand out loser.
Perth Now reported on base metals trading on Tuesday on the London Metal Exchange as tin became the stand out loser.
As quoted in the market news:
Tin was the standout loser of the base metal complex on Tuesday, closing 4.5 per cent lower on the day at $17,530/ton.
Since tin is the most illiquid of the LME metals, it is the most prone to sharp movements. However, the metal also appears to suffering from technically-driven selling, having broken below the $18,300/ton-$19,300/ton range it has been trading in for around a month, said Standard Bank.