Tin Cup? Tin Man? Tinplate (buyers)?
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.
Below is an excerpt from our recent report, “2015 Metal Buying Outlook: What Can We Expect for Base Metal and Steel Prices Over the Next 12 Months?”
MetalMiner’s Tin Price Outlook 2015
Tin looks pretty much like lead, rather neutral. Since the start of the year, we recommended that our members not go long on tin unless prices managed to break above $24,000/mt, which they haven’t.
There are different opinions on the future supply/demand balance. What is clear is that the marketplace does not have high expectations for tin. There is no reason to go long on tin when the metal doesn’t show signs of strength and commodities remain at low levels.
For 2015, we recommend tin buyers hedge only if prices cross above $24,000/mt.*
* Why $24,000/mt? Because that’s the magic number. (OK, we’re kidding.) But as soon as the market moves, we update the exact price target in MetalMiner’s monthly tin forecast – start your free trial.
Or if you buy other metals, download the complete report by filling out the form below: