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Bloomberg reported prices rose in tin on the London Metal Exchange drastically on Friday as outstanding contracts climbed.
Bloomberg reported prices rose in tin on the London Metal Exchange drastically on Friday as outstanding contracts climbed.
As quoted in the market news:
Open interest in London Metal Exchange tin futures climbed by 2,138 lots, or 8.9 percent, to 26,200 contracts in the week ended Feb. 1, the highest level since Oct. 13, according to LME figures. Each lot represents 5 metric tons of the metal used in packaging or to join metals together. The benchmark contract for three-month delivery advanced 7.6 percent in the period.