China export potential weighs on LME prices

摘要

While the LME tin price has remained in the broad $19,000 to $21,000 range seen since the start of 2017, there have been two significant price moves in the past month, with a rally in mid-May driven largely by concerns over further reductions in LME refined tin stocks, followed by this week's decline in price, most likely a reaction to recent announcements regarding new Chinese tolling arrangements.