MARKET TALK: LME 3-Mo Tin Drops As Profits Booked

Profit taking continues to pressure LME three-month tin lower, but its upward trend remains intact, says a London LME ring dealer. "If it slips below $12,000/ton, I might change my mind," trader says. Adds, "we're seeing good strength," noting downward pressure may ease after month/quarter/fiscal year end Friday. Tin is down over 2% from Wednesday and 7% or $1090 from Tuesday's all-time high, at $13,500/ton.