Tin market seeing a decline in demand
As per Resource Capital Research, the current tin market is lacking any strong fundamental impetus; at the moment, a bleak macro-economy and its implications for weak demand dominate. For full story, click here
As per Resource Capital Research, the current tin market is lacking any strong fundamental impetus; at the moment, a bleak macro-economy and its implications for weak demand dominate. For full story, click here
Even as stockpiling in China is set to raise the bar for the price of tin, miners in Peru may go on strike on March 15, which could bring on some pressure. Queensland Small Miners too have blamed the government for not adequately supporting small miners.
The Kuala Lumpur Tin Market (KLTM) are likely be higher next week due to strong demand from overseas buyers, dealers said. For full story, click here
Tin was up 2% as metals gained on demand recovery. For full story, click here
Market is still not sure how and when the US economic stimulus plan would stir up the weakening demand. For full story, click here
Base metals will continue to remain upbeat on positive outlook for investment in infrastructure and consumer durables, the two major users of base metals. For full story, click here
Tin declined in the absence of demand from industrial users. For full story, click here
Tin prices shot up further in a narrowly mixed non-ferrous metal market here today on sustained industrial demand. For full story, click here
Normally, tin doesn't get a lot of attention. The lowly, non glamorous tin is becoming increasingly important however, overtaking lead as the metal of choice in modern electronics soldering, especially after EU regulations requiring lead-free solders was implemented in 2006. In 2006, tin accounted for 50 per cent of solders; in 2007, that market share grew to 52 per cent.
Comments by China’s President Hu Jintao that efforts by the world’s largest consumer of a host of commodities to counter the global economic downturn were working, were not enough to generate a little seasonal cheer. Tin fell to $10,705 from $11,050. For full story, click here
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