Tin squeeze ahead, say Credit Suisse analysts

Analysts at Credit Suisse are pointing to a potential squeeze in tin on a tightening market for the soldering metal.

“Two weeks ago, we pointed out the production discipline apparent in the tin market this year in response to low prices, to a significantly greater degree than in most other commodities markets,” the analysts said in a note on Thursday August 23.
“Since that time, we have observed a further tightening of the tin market, including what may be a squeeze on the LME.”
Much of the momentum behind the recent developments in the market has been driven by the growing response from Indonesian smelters to the low LME prices, they added.

Two weeks ago, the Indonesian...

Published

Claire Hack

August 23, 2012

17:00 GMT

London