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Tin Money Box a new record of 23 months on Monday before spending the last week of at least four games by high.It traded at less than 25 tons of Metal Cigarette Case, is sparsely traded on the basis of the LME. Tin Only in LME metal prices during the bull market of the construction in mid-April of this year surpassed compliment.
But tin-ups in recent days in operation, some market participants are confused, many believe that the price / performance is simply a consequence of thin trading in the metal industry, which makes all the movements clearly.
Others pointed out supply constraints indicate that trade has a more solid foundation.
The bank said the tin now less than 25% after its peak in mid-2008, "will be the first of a new record high.
Production of metals in decline since 2005, when the high quality ore has decreased and Indonesian authorities have cracked a child in the world of tin, polluting industry, small mining and smelting.
BNPP is the world production of refined tin this year to 1942.000 and 1924.000 tonnes tonnes in 2011, while consumption of the metal - mainly used for welding in canned foods and the chemical industry - is anticipated that a total of 1984,000 tons in 2010 and 355 000 tons next year.
In the short term, supply-demand balance places in LME warehouses of the can under the conditions of a second for copper.
Inventory accounted for only 14.49 days of delivery of the metal on Friday, behind copper, about 12.65 days.
Who moved to the curve in terms of insertion of metal, a long-term situation are less expensive than shorter contracts.
Two weeks ago, three months was of tin in a 100-discount up to 15 months.
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