Tin To Average US$22,500/tonne In 2014
In line with our view, three-month tin has broken above resistance at US$22,500/tonne in recent weeks. While China's economic rebound should lose traction in the coming months and generally drag on industrial metal prices , our core view remains that tin prices will continue to find support at current levels. Supply from Indonesia is likely to trend lower over the near term as a result of new domestic trading regulations .
|Support In Place|
|Three-Month LME Tin, US$/tonne (Weekly Chart)|