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."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here