Deutsche Bank Increases Estimate for Tin Prices in 2012

Platts reported Deutsche Bank has increased its estimate for industrial metals prices across the board for 2012, including tin, given the strong start to te year.

As quoted in the market news:

The bank’s average cash price forecasts for 2012 have been amended as follows: aluminum, $2,325/mt, up 8.8% from the previous forecast of $2,138/mt; copper, $8,600/mt (up 17% from $7,350/mt); lead, $2,200/mt (up 2.9% from $2,138/mt); nickel, $22,500/mt (up 20.8% from $18,625/mt); tin, $25,500/mt (up 23.6% from $20,625/mt); and zinc, $2,250/mt (up 10.4% from $2,038/mt).

Click here to read the full Platts report.