Description
The Closing Price of LME 3-Month Tin Futures is provided by the London Metal Exchange (LME). It represents the final price at which the 3-month tin futures contract is traded at the end of the trading day. This indicator is crucial for assessing the market value of tin, influencing investment decisions, and understanding supply and demand dynamics in the tin market. Generally, a higher closing price indicates strong demand or limited supply, while a lower price may suggest weaker demand or oversupply.
The closing price is determined by the last trade of the 3-month tin futures contract on the LME at the end of the trading session. It reflects the equilibrium price agreed upon by buyers and sellers.
The data is updated daily at the end of each trading session on the London Metal Exchange.