Tin market in the doldrums as buying slows to a trickle

Dec 16, 2008 | 05:44 AM | Anne Riley

Activity in the tin market has slowed to a trickle, with no sign of a pickup in sight until at least the New Year, according to market participants.

"There's not much buying going on. It's extremely, extremely quiet," one trader said, noting that his large-scale company has a 2009 contract with only one steel mill so far. "Normally, everybody would have booked for the following year already. Absolutely nobody's booking."

Another U.S. trader agreed that business has been slower that usual. "December is always quiet, but this year the process of falling off started a long time ago for different reasons," he said. "We've booked a little; next week, I'd be hopeful to say we've booked a lot more."....

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