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MARKET TALK: LME Tin Continues Slide As Funds Sell

Thursday, Mar 29, 2007
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Funds continue to sell LME tin lower with the market approaching support at $13,000/ton as it runs out of steam, a broker says. "Tin is losing momentum and the funds are letting it go," he notes. The market "attracted more selling the closer it got to $15,000/ton, which had been a lot of people's target," he adds. LME tin is last at $13,300/ton, -4% on the day and -9% down from Wednesday.

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