If you actually follow the retric in this article, ITRI are getting out and doing there job by advising that the supply of tin is about to reduce. The effect will be an increase in the price of tin and an increase in the sp of CSD.
Barclays: Chinese economic data lifts metals
Published on June 14, 2011 18:34
By Allen Sykora
Analysts with Barclays Capital do not expect tin to remain under pressure, saying a rise in LME warehouse stocks so far this year is due to a destocking cycle in China that is about to end. LME stocks have increased so far this year by around 6,000 tons, or some 35%, Barclays says.
?However, this stock growth is temporary, in our view, and has been reflective of a sustained destocking cycle by Chinese smelters rather than mis-forecasting of market balance,? Barclays says.
The International Tin Research Institute has concluded that this destocking cycle has resulted in exports of at least 7,000 to 8,000 tons of tin anode since September, making China an unofficial net exporter of refined tin.
?This price-led destocking cycle is likely to have run its course, in our view, with China's resulting negative influence on LME stock trends drawing to an end as we approach H2 11.?
By Allen Sykora of Kitco News; [email protected]
That is great news for CSD shareholders.
Newminer1000.
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