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Tin Drivers [caption id="attachment_70211" align="alignright" width="200"] Want a short-term buying strategy for tin? Check out our FREE June Buying Outlook report![/caption] 1. Dollar to Euro exchange rate 2. Chinese tin ore imports 3. Indonesian export quantities 4. Global production Market Commentary Tin remains the “biggest loser” of all the industrial metals this year (with the exception of rare earth metals, currently not covered in this forecast report) falling 21% since the beginning of the year. Supply Glut The feared “Indonesian raw ore export ban” proved inconsequential for tin. In fact, Myanmar has provided ample quantities of tin ore to China and for the first time in 7 years, China has become a net exporter of tin. That development in combination with the bear commodities market in general and the strong dollar, continue to batter tin prices. However, we could see...
While most analyst were calling for an increase in Tin prices this year, we were very skeptical. FREE Download: The Monthly MMI® Report – price trends for 10 metal markets. Despite the tin deficit, we believe that tin has more potential on the downside than on the upside. While the rest of the base metals complex keeps trending downward, it is hard to see tin prices trading above $25,000 per metric ton.
After trading sideways for nine consecutive months, tin prices finally succumbed. Free Download: New! The January 2016 MMI Report Although other sources were calling for higher prices in 2016, in our monthly and annual outlooks we continued to recommend buying only small quantities. In the face of a rising dollar, China's slowdown and falling commodity markets, tin buyer should only expect downside moves. [caption id="attachment_76258" align="aligncenter" width="500"] Tin breaking down its support level barriers. Source: MetalMiner analysis of FastMarkets.com data.[/caption] Indonesian Regulations In November, Indonesia introduced new rules requiring tin exporters to obtain new “clean and clear” (CnC) certification. Many firms ramped up exports ahead of it. Indonesian exports from January-November dropped by 1.9% compared to the same period last year, a somewhat negligible result. However, exports in December exceeded 10,300 metric tons, whereas December 2015 exports are unlikely to...
Dating back to last year, tin is in a fairly low place. Prices had declined by nearly half compared to 2013, making the metal the worst faring of all the base metals. Surely there is nowhere to go but up, right? For 2016, we've identified the main tin price drivers as: China GDP and PMI Data The dollar to euro exchange rate Myanmar tin mining For a long-term industrial buying strategy for tin, complete with specific support and resistance levels, download your complimentary copy of our 2016 Annual Metals Outlook report! This report also includes commodities markets and industrial metals market analysis, in addition to key price drivers and commentary on aluminum, nickel, lead, copper, zinc and various forms of steel, in addition to tin.
The Shanghai Metals Market conducted a survey that found about 35% of Chinese tin smelters are optimistic over tin prices in the short-term. In addition, recent market research anticipates the global tin market to grow at a moderate rate of about 2% due in part to the increase in lead acid battery usage. Government regulations,...
The World Bureau of Metal Statistics' recent monthly bulletin reported that the tin market recorded a narrow deficit of 300 tons during the January to March period with total reported stocks falling 800 tons during January and ended the quarter down 1,100 tons from December 2013. The stock drawdown appears to be a result of the regulations, as tin supplies from Indonesia, the world’s largest exporter, have been hit as they force all tin ingot shipments to comply with higher purity rules and to first trade via the Indonesia's Commodities & Derivatives exchange.
South Crofty, a once prolific tin mine located near Redruth in the UK, has been shut down for nearly 20 years but that soon may change. Full-pocketed foreign investors recently met with local councillors to discuss reopening the tin mine there after it closed in the late '90s due to plummeting tin prices and despite an abundance of natural mineral resources valued in the billions. "There is a fortune down there underground," Councillor Malcolm Moyle told the Western Morning News. "The question is about getting it out as cheaply and efficiently as possible and that is the issue at the moment." Want a short- and medium-term buying outlook for aluminum, copper, tin, lead, zinc, nickel and several forms of steel? Subscribe to our monthly buying outlook reports! Moyle stands apart as the most optimistic booster of tin mining returning to...
The people of Cornwall in South West England have the twin blessing of living in one of the most beautiful parts of the country, considered by many a vacation destination, and the curse of high unemployment. The area’s remoteness from any centers of commerce or industry have contributed to its unspoiled countryside, but likewise to...
Tin producers would obviously like to think so and recent developments may suggest they have grounds for optimism in 2016. Free Download: Last Chance for the September MMI Report According to the World Bureau of Metal Statistics (WBMS) the global tin market recorded a deficit in the first 6 months of the year of 18,500 metric tons. Both refined Asian production and Chinese consumption were down for a number of reasons, but in spite of the deficit the price took a hammering along with the rest of the commodity sector. The Tin Dynamics Chief among the reasons for this battering, it would be easy to say, was a selloff across all metal categories due to the slow down in Chinese growth and fears over the state of the Chinese stock market. Yet, tin has some specific dynamics all its own...
Tin Drivers: [caption id="attachment_71086" align="alignright" width="200"] Want a short-term buying strategy for tin? Check out our complimentary July Metal Buying Outlook report![/caption] 1. Dollar to Euro exchange rate 2. Indonesian export quantities 3. Chinese tin ore imports 4. Global Production Market Commentary Tin has not had a good year. Prices have fallen 24% year-to-date after falling 15% in 2014. All base metals have fallen this year (and continue to fall) but at least a couple have attempted to show some price strength. Tin has been unable to rally at all for the past 18 months. A sideways market for tin would be a big improvement. Moreover, the Indonesian tin export restrictions have essentially backfired. The limit of 4,500 metric tons per month, set to go into effect in April never happened. In fact, according to Indonesia’s Ministry of Trade, the...
Everyone agrees that tin's supply and demand fundamentals look much better than other base metals like aluminum or nickel. Markets wherein producers have seriously mis-timed the new wave of production capacity and large inventory levels in the exchanges are removing any hope of their markets moving into deficit. Free Sample Report: Our Annual Metal Buying Outlook A better fundamental story has helped tin prices avoid further declines in Q2 and Q3. Over the past 7-plus months tin prices have traded between $16,500 and $13,500 per metric ton. [caption id="attachment_74634" align="aligncenter" width="500"] LME tin prices have been range-bound for the past 7 months. Source: MetalMiner analysis of Fastmarkets.com data.[/caption] Although, Myanmar has made up for much of Indonesia’s gradual production decline, it’s still unclear whether its production has the potential to double output in the future. In September, tin prices rose...
By most people’s reckoning, tin should have been considerably higher today than it was at the start of the year. Indonesia introduced an export ban at the end of last year for a range of non-ferrous ores, including tin concentrates, in addition to requiring exports of refined metal to be first sold via a domestic exchange. FREE Download: The Monthly MMI® Report – price trends for 10 metal markets. Reasonably, as one of the world’s largest producers, the Indonesian government wanted, at least, to see more value-add processing done within the country in an effort to maximize the return from their dwindling reserves.
A break in the bear for tin as the Business Standard reports that prices for the metal recovered some as the result of a renewed demand from stockists and alloy industries. Joining tin in the recovery was nickel and copper, due to demand from industrial users. This is good news for tin producers, and very...
With tin prices on the decline in recent weeks, there may not be much obvious hope for optimism but if we look at the recent past, there might just very well be that hope we were looking for. According to FastMarkets, tin has dipped downward three times since April, but each time was followed by...
Consumers of tin-containing products such as the solder industry, chemicals and tinplate must be counting their good fortune at the trend in prices this year. That is, if they didn’t heed most of the analysts' advice and cover forward a year ago. FREE Download: The Monthly MMI® Report. This time last year, most people were expecting the market to rise. Indonesia was applying a supply squeeze by cracking down on illegal miners and requiring exports to be refined to a certain standard before prior sale through the domestic exchange, the Indonesia Commodity and Derivatives Exchange (ICDX).
Tin on the London Metal Exchange remained pretty flat this month... for the eighth consecutive month. FREE Download: The Monthly MMI® Report – price trends for 10 metal markets. Tin is struggling to reach new highs, finding strong resistance at $2,400. Although the supply and demand balance looks tight, it seems to be failing to push prices higher. In January 2012, prices peaked at $25,500 and, since then, tin hasn’t been able to reach those levels again. If Tin breaks its resistance level, we would expect it to go higher, potentially reaching a 3-year high. Therefore, we would recommend buyers wait for market action before making early decisions. Prices breaking above $2,400 would be a good point to start hedging. Until that happens, we don't see any need to take long-term positions.
Tin took a hit recently, declining almost 10% in the past 2 months. Not only tin, but every base metal fell, too, as the US Dollar surged. Tin metal remains rangebound, but in the low end of that range. Don't miss this free download of our Monthly MMI® Report, covering price trends in 10 metals markets. Although some were expecting a deficit this year, it looks like China has been fulfilling its role as a swing producer as its exports have increased, helping to keep balance on the supply side. So what's the tin outlook?
Since May, every base metal has fallen from 8% to 25% during this four-month period with only one exception, tin. Free Download: Latest Metal Price Trends in the August MMI Report The metal has held up during this volatile period while commodities sank across the board in the face of bearish market news like China's stock market decline and the recent yuan devaluation. How is Tin Holding Steady? [caption id="attachment_72739" align="aligncenter" width="500"] Three-month London Metal Exchange tin price, one year out. Graph: MetalMiner.[/caption] Two main factors are supporting tin prices: Indonesian's new regulation this month: New rules only allow refined products from legal mines to leave the country. The country is the world's largest exporter, and some producers are expected to fail to get the necessary approval, which would lead to lower production and exports. Prices are technically oversold: Tin...
What can be made with old oil cans, vintage roller skates, or antique French binoculars? One answer is “The Family Friend Robot Dog: What can be made with vintage tin parts? Say Hello to the “Desktop Warrior Sumo Blue: These delightful sculptures were made by Gulf Coast Florida-based mother-and-son duo reclaim2fame. What they do is...
Tin Cup? Tin Man? Tinplate (buyers)? FREE Download: The Monthly MMI® Report – price trends for 10 metal markets. Only one of these three relies on tin market price intelligence (hint: it's not Kevin Costner's golf-playing character). Allow us to equip you with that intelligence – rather than just a number that gets thrown at the wall to see if it'll stick.