• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks
    tin investing

    Tin Market Update (April 10, 2013)

    Investing News Network
    Apr. 10, 2013 04:10AM PST
    Industrial Metals

    A brief overview of tin price developments, supply and demand and significant market movers.

    Tin prices have declined slightly in the past month, with three-month tin now trading around $23,020 per metric ton (MT) on the London Metal Exchange (LME), down from $23,750 on March 5, according to data from Metal-Pages.

    LME tin inventories currently stand at 14,415 MT, up from 13,485 MT a month ago, according to exchange data. However, cancelled warrants, or orders to remove tin from LME stockpiles, have also risen sharply, from 2,005 MT a month ago to 3,585 MT today.

    Prices for tin and other base metals have been under pressure due to recent reports indicating weakness in the global economic recovery. These factors include disappointing purchasing managers’ index data in recent days from the US, China and the Eurozone, according to the April 3 Shanghai Metal Market morning update.

    Tin prices rose 22 percent in 2012, the most compared to any other metal on the LME, according to Bloomberg. And despite a relatively slow start to 2013, prices could find support from a higher Indonesian tin-purity standard, which comes into effect in July. The new benchmark could result in a 24-percent drop in Indonesian tin shipments this year, according to a February 11 Bloomberg article, as the country’s smelters upgrade their operations to meet it.

    tin investingchinaindonesian tinlme tin
    The Conversation (0)

    Go Deeper

    AI Powered
    Tin being used to solder computer chip.

    How to Invest in Tin

    An open tin can with US money inside.

    Tin Prices Surge to 21 Month High

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Industrial Metals Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×