Tin Price Forecast, June 2015: The Biggest Loser

Tin Drivers

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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.

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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 tin recover slightly in the short term.

The Outlook

Three-month tin closed the month of May at $15,540/mt, down about 2.5% from last
month, though trading range-bound. Tin remains in a long-term down trend and continues to show nothing but price weakness. However, prices have fallen hard and fast for tin throughout 2015, so we could see some price support in the short to medium term.

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So What Should My Industrial Buying Strategy Be?

This tin price forecast was excerpted from our brand new Monthly Metal Buying Outlook report. For a short- and long-term buying strategy with specific price thresholds, consult the FREE June report:

[download-button url=”https://s3.amazonaws.com/agmmcdn2/mmwp/wp-content/uploads/2015/06/Monthly-Metal-Buying-Outlook-for-June-2015.pdf”] Download: June 2015 Monthly Outlook [/download-button]

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