LME Tin Price Increases Rapidly, Exceeds Chinese Price

LME tin settlement price increased by 595 dollers to 20,650 dollers on May 18th, exceeded Chinese price on May 19th, 14,100 yuan (around 20,500 dollers). It is the first time in 5 months, since remove of export duties by China early in the new year, the market concerns surplus items would be given off to overvalued overseas market.