14.08.2015 - Why tiny tin stands out in the commodities rout: Andy Home
The commodities rout continues. China's devaluation of its currency, or, officially, its "one-off move towards a market-oriented exchange rate" (delete according to preference), has sent industrial metal prices tumbling to fresh multi-year lows. Well, all except one. Step forward tiny tin. On the London Metal Exchange (LME) three-month metal hit its six-year low of $13,365 per tonne on the last day of June, since when it has staged a modest recovery to a current $15,170. Tin is one of the least liquid contracts traded on the LME and often has a perverse tendency to decouple from the rest of the base metals complex before belatedly catching up with the broader trend...............................................Full Article: Source
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