China Tin Price to Average at 140,000 yuan/tonne in 4Q, SMM Wu Predicts

Sep 19, 2014 13:59

Source:SMM

In China’s domestic market, tin price is expected to average at 140,000 yuan ($22,746) per tonne during 4Q 2014, Shanghai Metals Market foresees.

SHANGHAI, Sept. 19 (SMM) – In China’s domestic market, tin price is expected to average at 140,000 yuan ($22,746) per tonne during 4Q 2014, Shanghai Metals Market foresees.

“Tin price in China’s domestic market will not stage major changes”, said Wu Xiaofeng, SMM’s tin analyst.

Production costs have been rising, and this will support tin price at its low end, she said at SMM’s Tin Market Trading Conference held on 18-19 Sept. in Suzhou.

“The global tin market is now largely balanced, and such conditions may continue into the coming 2-3 years”, she estimates.

Indonesia’s export ban on unprocessed ore has reduced market supply, and falling grades of ores from long-served mines in the country will also worsen the conditions. However, the growth in China’s output and exports are estimated to ease the shortfalls, she added.

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China Tin Price to Average at 140,000 yuan/tonne in 4Q, SMM Wu Predicts

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