Indonesia to loosen grip on tin market

Indonesia’s tin trade regulations have been loosened according to Tin Investing News, reporter Teresa Matich.

Matich said that “Indonesia has put a tight squeeze on the tin market since it changed regulations surrounding trade of the metal in August 2013. However, the country’s government has indicated that could change soon with amendments to last fall’s export rules.”

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The London tin market is quiet. Too Quiet.

The price of tin on the London Metal Exchange (LME) has had little movement since the beginning of May, only moving between US$23,000 and US$23,500 per tonne. A recent article by Reuters reporter Andy Home looks into why the London tin market has been quiet and what people are predicting moving forward.

Andy’s article draws commentary from Leon Westgate at Standard Bank London as well as Steven Briggs at BNP Paribas to gauge why the market is behaving as it is and what these two analysts are predicting for the future.

He goes on to talk about the current stock level on the LME which rose by 1,190 tonnes over the last two weeks of May, along with the current situation in China and Indonesia that may be having an impact on the LME.

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