The LME tin price is currently US$19,750/t, a similar level to that at the start of the quarter. LME stocks are 3% higher at 14,000/t (see Figure 3). Early signs of an improvement in demand for tin were reflected in the May global electrical goods production index which increased by 8% year on year. The only significant increase in tin production in recent months has come from Indonesia where smelters increased shipments ahead of the introduction of changes to export quality regulations on 1 July 2013. It is expected that Indonesian shipments will ease in the second half of 2013 which should provide some support for prices
MLX Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
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