Tin price renewed stabilisation at around $25,000
LME tin price renewed stabilisation at around $25,000 post-festive season reflects easing short selling pressure and high warrant cancellations, with a slight dip in stock levels.
Despite continued positive demand indicators from the electronics and technology sectors, ample supply in China, marked by some recovery in SHFE stocks, tempers market optimism.
Potential Q1 tightness in China’s tin feedstock looms, hinging on post-Lunar New Year operational status of tin mines in Wa State.
Upcoming Indonesian elections in February are noteworthy, as they may dictate tin export policies, amid new three-year licensing challenges for local smelters.
