Tin Investing News reports tin prices faces yet another challenge.
The main culprit: the current global recession. Last week, ITRI Ltd, an international tin grouping, came up with a disturbing report stating that demand would likely drop 10-15 per cent this year, on the back of excess supply based on its survey on tin consumers.
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Tin Investing News reports tin prices could have a short term rally in the near future.
Manufacturers worldwide were seen building up inventories to take advantage of the current weak US dollar, traders said. The weak greenback makes commodities attractive as a hedge against inflation. It makes purchases affordable for China and India, the two key [...]
Tin Investing News reports price of tin is more likely to be steadier next week as the demand for overseas buyers remain consistent.
As investors cheered a decisive election victory by the Congress Party-led coalition, trading had to be halted and then suspended for the day as the deluge of buy orders trigged market circuit-breakers. Other [...]
Tin Investing News reports tin prices gained about 18% on the LME last month.
Demand is not the key factor behind the rising tin prices, traders said. It is the production cutback that have played the role of a catalyst in pushing prices higher. The overall rally and bullish sentiment across base metals has also supported [...]
Tin Investing News reports tin prices in Malaysia jumped 7.5% to a 4 month high.
Tin price had peaked at $25,495/t in May 2008, but then slumped by more than 50 per cent in five months, due to the global financial crisis. Prices are volatile but have found support at $11,000/t. The Resource Capital Research (RCR) [...]
Tin Investing News reports tin has a better recovery potential than other base metals since there isn’t any inventory buildup.
Recovery, though, is not here yet, analysts state, and further price strength will only come from what looks set to be a war of attrition between the bulls and bears. Moreover, any resumption of bad news [...]
Tin Investing News reports tin has been holding firmly in the global markets.
The price of tin could continue to hold firm since cutbacks in the market have been more extreme than for other metals and tin stocks remain low, said Stephen Briggs, analyst at RBS Global Banking & Markets.
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Tin Investing News reports tin prices have fallen causing cutbacks in production for tin in Indonesia.
“If prices are still lower next year, we may limit refined tin output and push for more high-priced by-products,” said company spokesman Abrun Abubakar. “It’s useless to flush the market with refined tin.”
Because of plunging prices, PT Timah expects tin [...]
Tin Investing News reports tin prices remain strong despite global economic conditions.
Although lower tin prices may appear to be a sign of a faltering market, many metals analysts say the supply market remains increasingly tight and a deficit is expected this year. “There is a huge contradiction of what is happening to the price and [...]
Tuesday, June 16, 2009
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