Canned goods prices to decline due to lower tin demand

Reproduction
Sun, Aug 17, 2008

Tin Market News
Post by Leia Toovey, Tin Senior Reporter

The Department of Trade and Industry (DTI) in Philippines expects prices of canned goods to start declining in coming months due to to declining world prices of tin.

DTI Undersecretary Zenaida Maglaya said:

Tin prices rose in the past weeks due to high demand from China which increased its tin consumption as a result of constructions for the Beijing Olympics. With China’s preparations for the Olympics winding down with the opening of the Games on Friday, China has eased its tin demand.

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