Tin highlights

摘要

Given the sell-off that has occurred in November across the other base metals, tin has held up remarkably, well. This may be to do with the fact that, as a relatively small and illiquid market, tin sees much less fund involvement than the other metals. Therefore, the fund liquidation that caused the sell-off was not as much a concern for tin as it was for some of the other metals that have been more favoured by the technical and momentum-type funds recently, such as zinc and lead. Tin's resilience also reflects the fact that its fundamentals remain robust, amid a backdrop of robust demand and supply disruptions. However, had tin's modest pull-back breached the former double-top at