28.10.2013 - Tin rising 8pct for BNP as Indonesia spurs volatility: Commodities
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
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