Tin mart mulls over liquidity, production incentive

摘要

The three-month London Metal Exchange tin price has fallen by more than 33% since the start of the year, rendering it the laggard among its peers in a market-wide sell-of that has seen commodity prices tumble. The LME’s smallest market - which on Tuesday March 24 boasted an open-interest count of just 19,041 active positions, a three-month low - has some way to go before price recovery, market participants said. Yet this comes despite the metal’s three-month price recording its largest one-day bounce in recent years, cl imbing by more than 5% from a decade-low of $12,715 per tonne on March 20 to an intraday high of $14,500 per tonne that afternoon.