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What it takes to wipe away the Tin market surplus

Posted on 20 February 2013

Until more constraint is seen in Indonesian export levels or the Chinese market re-tightens enough to support a rebound in import levels, the market is likely to remain in surplus, stated a recent market outlook by London based Barclays.
In Indonesia, January exports increased 70% y/y, to 9.2Kt, 1Kt above the 2012 monthly export average. This was achieved despite PT Timah reporting disruptions to production from monsoon conditions at the turn of the year. It is still unclear what the volumetric impact of new minimum-purity tin ingot export rules will have on exports when they are applied from July this year. This is likely to be a key risk to a significant lightening in H2……………………………………Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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