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Tin Futures - (TINc1)
RT-Derived
28,785.00 +432.50 +1.53%
02:01:18 - Real-time derived data. Currency in USD
Possible next Dividend will be RM20sen
MBULLISH ( Date: 04-May-2021 08:34) Posted:
|
Up again
Tin Futures - (TINc1)
RT-Derived
28,535.00 +182.50 +0.64%
20:29:53 - Real-time derived data. Currency in USD
Did you see how this bugger went up from Low to high in Malaysia trading?
beautiful play by the BBs
flushed all the way down and pushed all the way up with the swing
such powerful green candle
closed 2.64 ringgit
we are a few pips to 3.00
hope we can achieve 3 ringgit by Friday
Fingers cross
beautiful play by the BBs
flushed all the way down and pushed all the way up with the swing
such powerful green candle
closed 2.64 ringgit
we are a few pips to 3.00
hope we can achieve 3 ringgit by Friday
Fingers cross
TIN Price USD 30,250.00
7ocean ( Date: 03-May-2021 09:46) Posted:
|
what happen to this counter.. Tin Price up so many
MBULLISH ( Date: 02-May-2021 21:24) Posted:
|
Waiting for that magical number 100
7ocean ( Date: 01-May-2021 10:46) Posted:
|
OMG.... Tin price Flying sky high...MSC should cross $1+
MBULLISH ( Date: 01-May-2021 07:23) Posted:
|
TIN Commodity
32,193.00+2,147.00+7.15%
07:23:00 AM
MI IndicationLME Tin prices
Tin
| TIN | DATE | VALUE |
|---|---|---|
| LME Official Cash Ask ($/MT) | 30 Apr | $32,193.00 |
| LME Official 3M Ask ($/MT) | 30 Apr | $28,975.00 |
wow...KL Tin Price 30,250.00
7ocean ( Date: 30-Apr-2021 16:25) Posted:
|
Next Week Tin Quote 30,000
MBULLISH ( Date: 30-Apr-2021 16:06) Posted:
|
Tin Futures - (TINc1)
RT-Derived
28,872.50 +510.00 +1.80%
- Real-time derived data. Currency in USD
Tin Futures - (TINc1)
RT-Derived
28,762.50 +400.00 +1.41%
03:51:44 - Real-time derived data. Currency in USD
SGX:
Bid/Offer S$0.840/S$0.860 Last Done S$0.84 (-S$0.035, -4.00%)
Bursa Msia:
Bid/Offer RM2.61/RM2.63 Last Done RM2.61 (+0.01, +0.38%) S$0.8439 (S$/RM @3.0928)
Bid/Offer S$0.840/S$0.860 Last Done S$0.84 (-S$0.035, -4.00%)
Bursa Msia:
Bid/Offer RM2.61/RM2.63 Last Done RM2.61 (+0.01, +0.38%) S$0.8439 (S$/RM @3.0928)
Malaysia 90 cent now
singapore 87.5
Lagging 2.5 cent
cheong Ah singapore
soon going to break $1
singapore 87.5
Lagging 2.5 cent
cheong Ah singapore
soon going to break $1
Malaysia KLSE.. MSC up why SGX flat....
MBULLISH ( Date: 30-Apr-2021 08:21) Posted:
|
With all the good tin news!
what you waiting for?
jump in for the commodity bull ride of tin
tin going up like Bitcoin will be the biggest present for MSC holders
cheers
can we inch to 90 plus cent close to $1 today ?
Huat and Cheong
what you waiting for?
jump in for the commodity bull ride of tin
tin going up like Bitcoin will be the biggest present for MSC holders
cheers
can we inch to 90 plus cent close to $1 today ?
Huat and Cheong
&ldquo The US dollar index and 10-year treasury yield moved lower after Federal Reserve Chairman Jerome Powell&rsquo s dovish press conference was concluded. In his statement, Powell reiterated that it would take some time for substantial progress to be achieved and it is not time to talk about tapering,&rdquo Fastmarkets analyst Andy Farida said.
&ldquo We expect risk assets and commodity currencies to do well in the coming weeks and this should provide the LME base metals prices with additional support to venture higher,&rdquo he added.
The LME three-month tin price hit a high of $28,780 per tonne this morning, the highest since August 2011.
Supply disruption continues to support tin prices on Wednesday, the world&rsquo s third-largest tin producer, Malaysia Smelting Corp told suppliers that it would not return to its pre-pandemic smelting capacity until the end of 2021.
&ldquo We expect risk assets and commodity currencies to do well in the coming weeks and this should provide the LME base metals prices with additional support to venture higher,&rdquo he added.
The LME three-month tin price hit a high of $28,780 per tonne this morning, the highest since August 2011.
Supply disruption continues to support tin prices on Wednesday, the world&rsquo s third-largest tin producer, Malaysia Smelting Corp told suppliers that it would not return to its pre-pandemic smelting capacity until the end of 2021.
MSC &ldquo no MSC &ldquo no longer able to handle usual volume&rdquo
Apr 29, 2021
Last week, the company announced failures at two of its furnaces at Butterworth, with another being rebricked. Now, the letter to suppliers, sent on Monday 26th April, states that the company is &ldquo no longer able to handle our usual volume of feed materials&rdquo .
MSC&rsquo s Penang-based Butterworth smelter has been in operation since for some 119 years but has had little investment recently due to the impending move to new facilities in Pulau Indah (Port Klang). On top of the aging facilities, the COVID pandemic has &ldquo severely affected&rdquo operations at Butterworth, according to MSC. Almost half of the smelter&rsquo s furnaces require rebricking, with the work expected to take around nine months.
&ldquo We are refurbishing the old [Butterworth] furnaces as they have been overworked, trying to catch up on lost production days due to COVID&rdquo , according to MSC&rsquo s COO Raveentiran Krishnan. However, the letter to suppliers was a precautionary measure, he said, &ldquo Most of the furnaces should be back online probably in a couple of months&rdquo .
Due to the temporary lower capacity at Butterworth, MSC will restrict concentrate deliveries &ldquo both in respect of quantity and quality&rdquo of material. To encourage this, MSC will double penalties for impurities in the concentrate.
Suppliers have also been warned that the terms of pricing are likely to change over the coming months. Concentrate sales are usually priced relative to a reference price on delivery, but MSC will now account for the &ldquo smelter&rsquo s capacity and ability to process the material&rdquo .
The company also noted that the turn-around time for foreign tolling contracts would be extended to 60 days.
Despite the current problems, MSC remains positive on the outlook for 2021. Work on the Pulau Indah smelter is continuing, with the switch to the new smelter imminent. &ldquo The [Pulau Indah] smelter should be fully functional soon and capacity problems will be over&rdquo noted Raveentiran, echoing a statement from CEO Dato&rsquo Dr Patrick Yong last week.
Our view: In the note, MSC said that it will only return to pre-pandemic smelting levels at the end of the year. Although the company may be overstating the length of repair work, this news will be particularly worrying for the US tin market. Malaysian metal typically makes up around 15% of refined tin imports to the country, a crucial supplier in a market with no major domestic supply.
With the market already tight due to constrained supply and severe delays due to shipping issues, US consumers are already paying record premiums for physical metal. FastMarkets reports that premiums for standard grade tin reached US$ 2,000/tonne last week, but US$ 3,000/tonne premiums are already being reported in the market.
According to multiple traders, the impact of this announcement exceeds the reduction in smelting capacity. MSC typically delivers tolled metal back to clients within 30 days, but it is now extending the return of metal to 60 days, effectively doubling the shortages in the market. However, concentrate tolling is not the majority of MSC&rsquo s business. able to handle usual volume&rdquo
Apr 29, 2021
Last week, the company announced failures at two of its furnaces at Butterworth, with another being rebricked. Now, the letter to suppliers, sent on Monday 26th April, states that the company is &ldquo no longer able to handle our usual volume of feed materials&rdquo .
MSC&rsquo s Penang-based Butterworth smelter has been in operation since for some 119 years but has had little investment recently due to the impending move to new facilities in Pulau Indah (Port Klang). On top of the aging facilities, the COVID pandemic has &ldquo severely affected&rdquo operations at Butterworth, according to MSC. Almost half of the smelter&rsquo s furnaces require rebricking, with the work expected to take around nine months.
&ldquo We are refurbishing the old [Butterworth] furnaces as they have been overworked, trying to catch up on lost production days due to COVID&rdquo , according to MSC&rsquo s COO Raveentiran Krishnan. However, the letter to suppliers was a precautionary measure, he said, &ldquo Most of the furnaces should be back online probably in a couple of months&rdquo .
Due to the temporary lower capacity at Butterworth, MSC will restrict concentrate deliveries &ldquo both in respect of quantity and quality&rdquo of material. To encourage this, MSC will double penalties for impurities in the concentrate.
Suppliers have also been warned that the terms of pricing are likely to change over the coming months. Concentrate sales are usually priced relative to a reference price on delivery, but MSC will now account for the &ldquo smelter&rsquo s capacity and ability to process the material&rdquo .
The company also noted that the turn-around time for foreign tolling contracts would be extended to 60 days.
Despite the current problems, MSC remains positive on the outlook for 2021. Work on the Pulau Indah smelter is continuing, with the switch to the new smelter imminent. &ldquo The [Pulau Indah] smelter should be fully functional soon and capacity problems will be over&rdquo noted Raveentiran, echoing a statement from CEO Dato&rsquo Dr Patrick Yong last week.
Our view: In the note, MSC said that it will only return to pre-pandemic smelting levels at the end of the year. Although the company may be overstating the length of repair work, this news will be particularly worrying for the US tin market. Malaysian metal typically makes up around 15% of refined tin imports to the country, a crucial supplier in a market with no major domestic supply.
With the market already tight due to constrained supply and severe delays due to shipping issues, US consumers are already paying record premiums for physical metal. FastMarkets reports that premiums for standard grade tin reached US$ 2,000/tonne last week, but US$ 3,000/tonne premiums are already being reported in the market.
According to multiple traders, the impact of this announcement exceeds the reduction in smelting capacity. MSC typically delivers tolled metal back to clients within 30 days, but it is now extending the return of metal to 60 days, effectively doubling the shortages in the market. However, concentrate tolling is not the majority of MSC&rsquo s business.
Apr 29, 2021
Last week, the company announced failures at two of its furnaces at Butterworth, with another being rebricked. Now, the letter to suppliers, sent on Monday 26th April, states that the company is &ldquo no longer able to handle our usual volume of feed materials&rdquo .
MSC&rsquo s Penang-based Butterworth smelter has been in operation since for some 119 years but has had little investment recently due to the impending move to new facilities in Pulau Indah (Port Klang). On top of the aging facilities, the COVID pandemic has &ldquo severely affected&rdquo operations at Butterworth, according to MSC. Almost half of the smelter&rsquo s furnaces require rebricking, with the work expected to take around nine months.
&ldquo We are refurbishing the old [Butterworth] furnaces as they have been overworked, trying to catch up on lost production days due to COVID&rdquo , according to MSC&rsquo s COO Raveentiran Krishnan. However, the letter to suppliers was a precautionary measure, he said, &ldquo Most of the furnaces should be back online probably in a couple of months&rdquo .
Due to the temporary lower capacity at Butterworth, MSC will restrict concentrate deliveries &ldquo both in respect of quantity and quality&rdquo of material. To encourage this, MSC will double penalties for impurities in the concentrate.
Suppliers have also been warned that the terms of pricing are likely to change over the coming months. Concentrate sales are usually priced relative to a reference price on delivery, but MSC will now account for the &ldquo smelter&rsquo s capacity and ability to process the material&rdquo .
The company also noted that the turn-around time for foreign tolling contracts would be extended to 60 days.
Despite the current problems, MSC remains positive on the outlook for 2021. Work on the Pulau Indah smelter is continuing, with the switch to the new smelter imminent. &ldquo The [Pulau Indah] smelter should be fully functional soon and capacity problems will be over&rdquo noted Raveentiran, echoing a statement from CEO Dato&rsquo Dr Patrick Yong last week.
Our view: In the note, MSC said that it will only return to pre-pandemic smelting levels at the end of the year. Although the company may be overstating the length of repair work, this news will be particularly worrying for the US tin market. Malaysian metal typically makes up around 15% of refined tin imports to the country, a crucial supplier in a market with no major domestic supply.
With the market already tight due to constrained supply and severe delays due to shipping issues, US consumers are already paying record premiums for physical metal. FastMarkets reports that premiums for standard grade tin reached US$ 2,000/tonne last week, but US$ 3,000/tonne premiums are already being reported in the market.
According to multiple traders, the impact of this announcement exceeds the reduction in smelting capacity. MSC typically delivers tolled metal back to clients within 30 days, but it is now extending the return of metal to 60 days, effectively doubling the shortages in the market. However, concentrate tolling is not the majority of MSC&rsquo s business. able to handle usual volume&rdquo
Apr 29, 2021
Last week, the company announced failures at two of its furnaces at Butterworth, with another being rebricked. Now, the letter to suppliers, sent on Monday 26th April, states that the company is &ldquo no longer able to handle our usual volume of feed materials&rdquo .
MSC&rsquo s Penang-based Butterworth smelter has been in operation since for some 119 years but has had little investment recently due to the impending move to new facilities in Pulau Indah (Port Klang). On top of the aging facilities, the COVID pandemic has &ldquo severely affected&rdquo operations at Butterworth, according to MSC. Almost half of the smelter&rsquo s furnaces require rebricking, with the work expected to take around nine months.
&ldquo We are refurbishing the old [Butterworth] furnaces as they have been overworked, trying to catch up on lost production days due to COVID&rdquo , according to MSC&rsquo s COO Raveentiran Krishnan. However, the letter to suppliers was a precautionary measure, he said, &ldquo Most of the furnaces should be back online probably in a couple of months&rdquo .
Due to the temporary lower capacity at Butterworth, MSC will restrict concentrate deliveries &ldquo both in respect of quantity and quality&rdquo of material. To encourage this, MSC will double penalties for impurities in the concentrate.
Suppliers have also been warned that the terms of pricing are likely to change over the coming months. Concentrate sales are usually priced relative to a reference price on delivery, but MSC will now account for the &ldquo smelter&rsquo s capacity and ability to process the material&rdquo .
The company also noted that the turn-around time for foreign tolling contracts would be extended to 60 days.
Despite the current problems, MSC remains positive on the outlook for 2021. Work on the Pulau Indah smelter is continuing, with the switch to the new smelter imminent. &ldquo The [Pulau Indah] smelter should be fully functional soon and capacity problems will be over&rdquo noted Raveentiran, echoing a statement from CEO Dato&rsquo Dr Patrick Yong last week.
Our view: In the note, MSC said that it will only return to pre-pandemic smelting levels at the end of the year. Although the company may be overstating the length of repair work, this news will be particularly worrying for the US tin market. Malaysian metal typically makes up around 15% of refined tin imports to the country, a crucial supplier in a market with no major domestic supply.
With the market already tight due to constrained supply and severe delays due to shipping issues, US consumers are already paying record premiums for physical metal. FastMarkets reports that premiums for standard grade tin reached US$ 2,000/tonne last week, but US$ 3,000/tonne premiums are already being reported in the market.
According to multiple traders, the impact of this announcement exceeds the reduction in smelting capacity. MSC typically delivers tolled metal back to clients within 30 days, but it is now extending the return of metal to 60 days, effectively doubling the shortages in the market. However, concentrate tolling is not the majority of MSC&rsquo s business.