Good call on Q2 tin price The global tin market balance has tightened, according to WBMS estimates. It was in a deficit of 4,320 tonnes in January-April...
The LME Q2 average cash tin price ended up at $20,961 per tonne, fractionally short of our long-standing forecast of $21,000 per tonne. We stood by this forecast as prices attempted to rechallenge the $22,000 per tonne highs in April, and then fell precipitously at times after that. Here we review some of the key factors that shaped tin market sentiment last quarter and lay the foundation for what will shape Q3 and Q4.
Tight fundamentals underpinning tin market
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