Mon, Oct 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals more

Tin rising 8pct for BNP as Indonesia spurs volatility: Commodities

Posted on 28 October 2013

Indonesia’s drive to displace the London Metal Exchange as the global benchmark for tin trading is whipsawing futures and leaving the most-accurate forecasters divided on the outlook for prices. Tin will average $25,000 a metric ton next year, 8 percent more than now, says Stephen Briggs, an analyst at BNP Paribas SA in London ranked by Bloomberg as the top forecaster over the past eight quarters.
Credit Suisse Group AG’s Andrew Shaw and Citigroup Inc.’s David Wilson, the next most accurate, predict averages of $21,750 and $22,375. Tin for immediate delivery was at $23,167 on the LME on Oct. 25………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031