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    market news

    Tin Warrants See Flurry Of Activity

    Investing News Network
    Oct. 31, 2012 11:11AM PST
    Industrial Metals

    Reuters reported three-month tin gained 0.63 percent to $19,925 a tonne, edging above resistance of $20,000 earlier after two days of failing at that level.

    Reuters reported three-month tin gained 0.63 percent to $19,925 a tonne, edging above resistance of $20,000 earlier after two days of failing at that level.

    As quoted in the market news:

    Triland Metals said in a note there seemed to be a flurry in the tin warrant market in Asia as merchants checked the availability of material, potentially a sign of reduced producer activity below the $20,000 per tonne mark. Of LME tin inventories, some 43 percent of the total stocks of 11,860 tonnes

    MSNSTX-TOTAL is cancelled and therefore not available to the market.

    Click here to read the full Reuters report.

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