Review on tin market tin 2005 and forecast for 2006

摘要

Tin price stood at a low level for the most time of 2005. At the start of the yeas; the price climbed up from the low level set at the end of 2004 and hit 8,650 US dollars/t on March 16. Later the price fluctuated around 8,000 US dollars/t for two months and then began to fall. With the arrival of summer holidays and ample supply of the metal from Indonesia, tin price soon dropped to 7,000 US dollars/t. After about-two-month correction at the level, the price continued drifting down and touching 5,850 US dollars/t at low on increasing inventory and soft demand. Towards the end of 2005, following the bullish other base metals market, tin price began to rebound. And also some funds withdrew from relatively high-risk other base metals market and turned to tin market where there was big potential of increase. And the market fundamentals were turning for the better on news about production cut in Indonesia because of the arrival of monsoon. In December of 2005, tin price climbed up back to 7,000 US dollars/t.