Tin will be firmer next week
The price of tin on the Kuala Lumpur Tin Market is expected to be firmer next week on the back of continuous purchasing, especially from Japanese. For full story, click here
Articles Tagged "japanese"
Production Cutback Pumps Tin Price
Tin prices gained a whopping 18 per cent on the LME in the month of April, despite a huge gain in LME inventories by almost 15 per cent. Global production, however, is expected to fall 6.5 per cent by 21,000 tonnes, to 304,500 tonnes in 2009. According to the International Tin Research Institute demand for tin is expected to fall by 10.5 per cent in 2009 amid the global economic crisis. Hence, the market could be in surplus by 5,000 to 10,000 tonnes in 2009.
Zero tariff for Japan tin imports
A Trade department order that brought the tariff on these raw materials to zero took effect yesterday has made Japanese made steel and tin-sheets to now enter the Philippines duty-free. For full story, click here
