Tin Market Weekly News: Tin Price Forecast for 2013 Raised, Yunnan Tin Group Lost RMB 200 Mln in 1Q-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Market commentary
  • Nickel ore

Tin Market Weekly News: Tin Price Forecast for 2013 Raised, Yunnan Tin Group Lost RMB 200 Mln in 1Q

SMM Insight 06:50:27PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) –
Citi Raises Forecast for 2013 Tin and Lead Prices
Citi Research raised its forecasts for average tin price in 2013 and 2014 by 3.4% and 3.3% to USD 23,530/mt to USD 23,625/mt. However, the Citigroup cut the forecast for 2015’s average tin price by 4.0% or USD 1,000/mt to RMB 24,000/mt.

Companies Qualified for Entrance Requirements of Tungsten, Tin, and Antimony Released
The Ministry of Industry & Information Technology released the first batch of 16 companies qualified for the entrance requirements of tungsten, tin, and antimony. These companies include three listed companies – Chongyi Zhangyuan Tungsten, Xiamen Tungsten, and Yunnan Tin Group.

Yunnan Tin Group Lost Nearly RMB 200 Mln in 1Q
Yunnan Tin Group expected a loss of RMB 185-195 million in its net profit distributable to the listed company in the first quarter, compared with the RMB 40.16 million recorded over the same period last year.

Tin Market Weekly News: Tin Price Forecast for 2013 Raised, Yunnan Tin Group Lost RMB 200 Mln in 1Q

SMM Insight 06:50:27PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) –
Citi Raises Forecast for 2013 Tin and Lead Prices
Citi Research raised its forecasts for average tin price in 2013 and 2014 by 3.4% and 3.3% to USD 23,530/mt to USD 23,625/mt. However, the Citigroup cut the forecast for 2015’s average tin price by 4.0% or USD 1,000/mt to RMB 24,000/mt.

Companies Qualified for Entrance Requirements of Tungsten, Tin, and Antimony Released
The Ministry of Industry & Information Technology released the first batch of 16 companies qualified for the entrance requirements of tungsten, tin, and antimony. These companies include three listed companies – Chongyi Zhangyuan Tungsten, Xiamen Tungsten, and Yunnan Tin Group.

Yunnan Tin Group Lost Nearly RMB 200 Mln in 1Q
Yunnan Tin Group expected a loss of RMB 185-195 million in its net profit distributable to the listed company in the first quarter, compared with the RMB 40.16 million recorded over the same period last year.