Supply-side worry pauses tin price slide

摘要

At the time of publication of the April Tin Monitor, the 3-month LME price was just beginning to show signs of weakness. Since then, the price has fallen on the back of weak demand, reaching a low of US$ 18,700 on 31 May. The weak spot demand freed up stocks which market participants could deliver to LME warehouses as the backwardation spiked. Stocks hit historical lows in May, with just 740 tonnes available in warehouses on the 8th .