Posted by johnnygoodnews > 2021-04-20 10:01 | Report Abuse

Tin LME Official Cash Ask ($/MT) 19 Apr $27,940.00 LME Official 3M Ask ($/MT) 19 Apr $26,768.00 backwardation gap getting narrower both values cash and futures going towards $30000/tonne 2.5 months of consolidation since hitting highest in February. Breakeven cost $15000 anything above $15000 is pure profits for MSC current profits $27940-$15000=$12940/tonne Tonnes of inventories in MSC shall be revalue in coming June results plus tonnes of tin sold in last 3 months shall be reported. expect 8-10 mil sgd in first quarter 2021 results assuming every quarter make 8-10 mil sgd, that wil be like 32-40 mil sgd (96-120mil ringgit) for whole year 2021. wow. how much is it worth ? dyodd. Part of portfolio is a must