August 2012 | Base Metals
Warrant cancellation soar above 50%: Tin - Market Analysis
Prices are still under pressure, but given supply problems and cutbacks, together with cancelled warrants standing at 55% of LME stocks, tin is one of the markets we feel least bearish about. We would not be surprised to see a strong rally when demand picks up, as availability will be a problem.
Premiums and prices un-budged by soaring cancelled warrants
Despite an acute lack of material being available in Europe, given just how weak demand is in the region, premiums have remained unmoved in recent weeks.Total tin stocks in LME warehouses have held in the 11,500-11,600 tonne range for the past month, but the fact that throughout that time cancelled warrants have been rising suggests...
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