Generally, prices have held steady through the summer. More recently, ArcelorMittal announced the intention to raise product values by €20 per ton, for all new business to be delivered in the final trimester.
Tin price in China’s domestic market will not stage major changes. Production costs have been rising, and this will support tin price at its low end.
Barclays sees an increasingly bearish macro backdrop developing for gold. Rising rates and a significantly stronger dollar present headwinds, which are set to overwhelm any seasonal strength in physical demand this year.