Base Metals: Tin Prices Rallies As Timah Stops Sales

Reuters reported on base metals trading on Wednesday as tin prices rose on news PT Timah stopped selling tin.

As quoted in the market news:

Spot prices of tin rallied against those further out after Indonesia’s PT Timah stopped selling tin on the spot market because of low market prices for the metal, cutting shipments this month from the world’s largest tin exporter.

The premium for cash tin over three months moved from a $16 discount to a $13 premium in Tuesday’s trade.

Click here to read the full Reuters report.