Global Tin Metals Report Q4 2017
We maintain our tin price forecasts of USD19,500/tonne in 2017 and USD20,500/tonne in2018. Prices will increase gradually to USD22,500/tonne by 2021 as the global tin market posts sustainedmarket deficits from 2017 onwards and inventories dwindle.
Latest Developments And Structural Trends
Despite the recent rally driven by a positive Chinese demand-side picture, the increasing likelihood ofstronger Chinese production in the coming months and our expectation that the country's economy will slowby Q417 means we maintain our tin price forecast at an average of USD19,500/tonne for 2017. This impliesprices will come down from current spot levels and average nearer to USD19,000/tonne during theremainder of 2017. In the coming years tin prices will gradually head higher, averaging USD22,500/tonneby 2021 as the global tin market deficit widens.
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