June 2012 | Base Metals
Looking for further consolidation: Tin - Market Analysis
Prices are consolidating in a sideways range and, in the absence of news about production curtailments, we believe that this consolidation will continue.
Stocks rose, but bargain hunters have emerged
Tin stocks peaked at 14,595 tonnes on May 8, but have since dropped back to 12,180 tonnes. Last week stocks actually climbed, but it does look as though weaker prices of late have prompted a pick-up in buying. Tin prices started to accelerate lower in early May and that...
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