Indonesia’s drive to displace the London Metal Exchange as the global benchmark for tin trading is whipsawing futures and leaving the most-accurate forecasters divided on the outlook for prices. Tin will average $25,000 a metric ton next year, 8 percent more than now, says Stephen Briggs, an analyst at BNP Paribas SA in London. Credit Suisse Group AG’s Andrew Shaw and Citigroup Inc.’s David Wilson, the next most accurate, predict averages of $21,750 and $22,375. Tin for immediate delivery was at $23,167 on the LME on Oct. 25.
Posted on: Mon, 28 Oct 2013 13:22:53 +0000
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