Tin Metals Report Q2 2016
BMI View: Tin prices will be capped by US dollar strength in 2016, leading us to trim our price forecast toUSD14,500/tonne. Beyond 2016, prices will recover gradually as the global tin market posts sustainedmarket deficits and inventories dwindle.
Latest Developments And Structural Trends
We now forecast tin prices to average USD14,500/tonne in 2016 and USD15,750/tonne in 2017,compared to USD15,000/tonne and USD16,500/tonne previously. Although we maintain our view that tinprices will bottom in 2016, downward pressure will be more severe than we previously expected in H116and the rebound more gradual. Persistent global deficits will underpin prices in the coming years anddrive a modest price recovery from 2017. Our new price forecasts place us below both BloombergConsensus estimates and the LME futures curve out to 2019.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook