$3.06 sell down to $2.85 because tin price too expensive? Sometime, opportunity always delay effect. Maybe not sometime, it is always. Better don't buy so fast and wait till such decauole effect out showing big opportunities coming g
Last week, there was one day when total kts traded at LME was 2,200 kts. Each kt is 5 tonnes. So total was 11,000 tonnes traded. Tin inventories at the LME have nearly halved this year to 3,670 tonnes. There is going to be a chronic shortage of tin going forward, as its not so easy to increase supply in a short period of time. I think , just like lithium prices from 2020 to 2022, which climbed 10X on soaring demand from EVs !! , tin is poised to break the all time high price of US$50,000 per tonne and go to a new high this year on multiple demand drivers ranging from new models of handphones, semiconductor chips, solar panels, electric batteries, high end automotive electronics, and 5G base stations !!
MSC Tin is ranked the # 1 hard commodity now in increasing ASP. Its price shot up a whopping 30% in this month alone. year to date it's up 32%.
MSC could enter into IM, Intermission of 3 to 6 weeks to derisk the big MAJOR A wave. Hope for the greater round 2 play n Track the trend of Tin prices here; https://tradingeconomics.com/commodity/tin
Note this essay from this link above, Tin futures soared to $32,750 per tonne for the first time since June 2022, tracking the surge for other base metals amid mounting concerns about low supply. The world’s top exporter, Indonesia, triggered ripples of tight supply in the export market as licensing delays drove January’s exports to a near halt, magnified by concerns of future licensing disruptions for the rest of the year. This compounded previous production setbacks, headlined by mining disruptions in the Wa State of Myanmar amid the country’s war. China’s efforts to source tin ores from the DR Congo instead of Wa were short-lived as armed unrest in the nation also hampered its mining activity. The developments coincided with traction in demand, largely due to a rebound in Chinese and American manufacturing activities, per the latest PMIs, and bullish long-term bets for the metal due to its soldering properties used in AI materials. Consequently, tin inventories at the LME have nearly halved this year to 3,670 tonnes.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KClow
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Posted by KClow > 4 days ago | Report Abuse
Tin now 35k