Forget Cocoa, Coffee. There's A "Squeeze Risk" Building In The Tin Market [zero hedge]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: zero hedge
Forget Cocoa, Coffee. There's A "Squeeze Risk" Building In The Tin Market Tin prices on the London Metal Exchange have surged 27% this year, landing on the radars of some institutional desks. Other commodities closely monitored by hedge funds include cocoa, coffee , Brent crude, copper, and gold. Bloomberg notes that LME data for the tin market shows the aggregate net-long position held by financial investors surged to the highest level ever, with data going back to 2018. These bullish bets have pushed tin prices well into the $32,000 handle in recent trading sessions. Bloomberg notes that the "big bull" positioning by institutional investors comes as major supply disruptions hit top producers across Indonesia, Myanmar, and the Democratic Republic of Congo. Also, the metal, a critical component of modern technology and used primarily as solder to connect electrical components and semiconductor chips, is the latest AI trade investors have been piling into. "Every data byte and every el
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News
- ICSG forecasts copper supply pressures but cautious on demand [Reuters]Reuters
- Global banking regulators target mismanagement in handling risks from clients [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Copper Slips as Chinese Demand Outlook Comes Into Focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Global banking regulators target mismanagement in handling risks from clients [Yahoo! Finance]Yahoo! Finance
- Global banking regulators target mismanagement in handling risks from clients [Reuters]Reuters