Tin prices disconnected, volatile; premiums flat
Nov 26, 2007 | 08:11 AM
| Matthew Lerner
Volatility will continue in the tin market as prices, controlled mainly by financial interests and not physical players, continue to rise and fall with financial markets.
After peaking at more than $17,500 per tonne last week, tin has fallen more than $1,000 in just a few days. Such four-figure swings are becoming more common, market observers said.
"I expect the volatility to continue for a long time to come," one veteran tin trader said. "Everything in the market is uncertain. The fundamentals haven't changed; neither have economic conditions. Tin has been influenced for over a year by the funds 90 percent to 95 percent of movements are tied to the funds."....
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