Following major criticism over the increase of its tin-plate prices, which were adjusted yearly by 69% to 78%, ArcelorMittal South Africa (ACLJ.J) has toned down prices. The decision was welcomed by the packaging industry. But tin prices have yet to respond significantly to the fresh supply problems in Indonesia, which may be partly due to the strong recovery in Chinese production.
Continue reading "Defeated ArcelorMittal Lowers Tin Price"
Monday, July 6, 2009
Indonesia has approved an export permit for a new tin smelter, bringing the total number of smelters allowed to 30. For full story, click here
Continue reading "Indonesia has approved another Tin Export Permit"
Thursday, June 4, 2009
Commodities like tin, rubber and steel could be heading for a short-term rally in the near future bolstered by active buying interest from institutional and fund managers on most major world commodities, dealers said. 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.
Continue reading "Active Interest Could Spur Rally"
Tuesday, May 12, 2009
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.
Continue reading "Production Cutback Pumps Tin Price"
Wednesday, February 18, 2009
Unlike most of the other base metals, there is no growing tin surplus. Inventories held at the London Metal Exchange now sit at 8,820 tonnes, against a 52-week high of 11,430 tonnes. The potential is that a rebound in Chinese demand, coupled with the closing of mines in Indonesia, could trigger supply shortages.
Continue reading "Tin Set To Recover"
Monday, February 9, 2009
China has been bailing out its struggling domestic smelters by stockpiling metals since December. Heralding the Chinese New Year, wherein most companies and projects run overtime during the Spring Festival in order to ensure annual production plan, several firms have decided to take the long road.
Continue reading "Tin firms tread the long road"
Tuesday, November 18, 2008
Small smelters in Indonesia’s tin producing Bangka Belitung Islands will stick with their plan to remain shut until January 2009 although prices have recovered from lows. For full story, click here
Continue reading "Indonesian small tin smelters to remain shut"
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Tuesday, September 29, 2009