Tin Shows Worst Trends In 2015

Tin prices saw their biggest decline in at least a quarter of a century in the first half of 2015, amid abundant supplies and lackluster demand. Tin has dropped 23 percent this year, the worst performing industrial metal on the London Stock Exchange. The largest decline in percentage terms was recorded at an annual level, similar to the decline in 1990. The supply price of tin declined gradually over three months and reached $ 14,862 per tonne on the London Metal Exchange, marking the largest drop in the past two weeks.

Currently, the price of tin is heading towards its seventh monthly decline, showing the longest decline in open interest since November 2005, or the number of futures issued, which hit a seven-year low last month. According to Societe Generale SA experts, “Myanmar ships delivered record quantities of ore to China, the world's largest consumer of tin, amplifying an already existing surplus of the metal. it is expected to increase to 2.5 percent. "

Steve Hardcastle, head of customer services for industrial goods at Sucden Financial Ltd in London, said: “The long-term future for tin does not look bright, and this cannot but affect the price. 18 months ago, Myanmar, one of the largest suppliers of tin ore, did not deliver but currently filled in the gap. "

However, Indonesian tin exporters forecast a decline in exports from the country during 2015. The drop in exports is due to new regulations on the export of tin from the country that discourage the supply of raw metal and promote the export of higher standard tin. Despite the fact that Indonesia dominates the global market in this industry, its position is under threat as new economic and political directions in Myanmar have led to a significant increase in the country's tin exports to China in recent years.