TIN & MSC (23 NOV)#jntmarketobservation
Tin is the best performing base-metal in 2021. Following strong tin price, MSC made an all-time high RM3.09 breakout today.
MSC is a tin miner and smelter, benefiting from strong tin price. Currently, they are smelting tin ore inventory accumulated during the pandemic. They can be sold at good prices.
Their Pulau Indah plant installed a new furnace in Oct 2021. Overall operation: Expected to resume 100% operation by end-2021 or early-2022.
