TIN: Wa ban persists and export delays in Indonesia continue

LME tin prices have surged to their highest point in six months, with three-month price rising by 11% in just over a week to reach $27,500. This price rally has been accompanied by a lengthening in the tin speculative market, which exited a net short position in January for the first time since early October.

Fundamentals are tightening as the Wa ban persists and export delays in Indonesia continue. Almost no tin (0.4 t) has been exported from Indonesia so far this year. “Presidential election winner, Prabowo Subianto, has committed to continuing his predecessor’s resource nationalisation policies, including tin,” said Tom Langston – Senior Market Intelligence Analyst.

Registration is open for the International Tin Conference in Penang, Malaysia, on 14th-16th May 2024.