Tin market report March 2012
2012-07-12 15:25:35 【Print】
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Introduction
U.S. economy continues to rebound, but the debt crisis in Europe renewed. Related data show that Spain and Italy's national debt credit default swaps rose. Spanish bond yields rose to the level of first launch of long-term refinancing operation. Chinese demand for metals has become the focus of the market, and the downstream consumption shows no improvement. Premier Wen Jiabao stressed that the pre-tune and fine-tuning measures should be carried out as soon as possible. In the context of the economic downturn, it is expected to introduce some policy measures for a steady economic growth, including monetary policy, trade policy and so on. This is expected to give the stock and commodity markets greater confidence boost, and help the market gradually to reverse the trend of the previous adjustment. The tin market sentiment remained weak in March, the tin prices in abroad and home fluctuated, and most participants in the industry were cautious about the market outlook. Debt-ridden European countries were still concerned, especially Spain, Italy and Belgium, which will still face greater pressure to repay debt. The debt crisis in Europe may be worse, and the tin price is likely to continue to be under pressure.
U.S. economy continues to rebound, but the debt crisis in Europe renewed. Related data show that Spain and Italy's national debt credit default swaps rose. Spanish bond yields rose to the level of first launch of long-term refinancing operation. Chinese demand for metals has become the focus of the market, and the downstream consumption shows no improvement. Premier Wen Jiabao stressed that the pre-tune and fine-tuning measures should be carried out as soon as possible. In the context of the economic downturn, it is expected to introduce some policy measures for a steady economic growth, including monetary policy, trade policy and so on. This is expected to give the stock and commodity markets greater confidence boost, and help the market gradually to reverse the trend of the previous adjustment. The tin market sentiment remained weak in March, the tin prices in abroad and home fluctuated, and most participants in the industry were cautious about the market outlook. Debt-ridden European countries were still concerned, especially Spain, Italy and Belgium, which will still face greater pressure to repay debt. The debt crisis in Europe may be worse, and the tin price is likely to continue to be under pressure.
