Hopefully this article rings true and we will be set to rise. The 3-month tin price is back up to $20,900, and heading in the right direction. That sub-7 cent sell is ridiculous, and must surely be from someone who is misinformed. Congrats to the buyer.
Macquarie Commodity Research
http://www.csdtin.com.au/downloads/Tin%20News/2013/Macquarie_Tin_May%202013.pdf
Tin prices have tumbled 15% since January, partly due to a combination of strong Indonesian production and Chinese consumer de-stocking. In our view both negative factors are likely to abate in the medium term; April trade data from Indonesia showed a 13% MoM contraction in exports, while we expect the fall in prices on the LME to reignite Chinese refined import demand. Inventories across the supply chain still appear stretched, and with a market deficit likely to re-emerge in the medium term we think the current price weakness provides a good opportunity to go long.
;-)
Enjoy.
- Forums
- ASX - By Stock
- CSD
- tin: it looks like time to step in
tin: it looks like time to step in
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries