Strong year ahead for tin prices: analysts
Feb 11, 2013 | 12:25 PM
| Claire Hack
Tags
tin,
prices,
Hartleys,
analysts,
note,
supply,
demand
LONDON — Tin prices will improve in the medium to long term as a supply deficit is expected this year, according to industry analysts.
"Though the price of tin could be volatile in the short term, medium- and longer-term fundamentals remain strong for continued improved prices, with every prospect of a supply deficit this year," analysts at Australian financial services company Hartleys Ltd. said in a note Feb. 11.
"Market commentary on tin demand highlights some improvement as solder use picks up, driven by increased consumption (by the) electronics and home appliances solder end-use market," they added.
Tin was the best-performing base metal in terms of price in 2012, the analysts said, rising about 24 percent from $18,950 per tonne at the end of 2011 to a final price of $23,500 per tonne at the end of 2012. ....
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