THE price of tin is expected to remain strong within the next 12 months, triggered by continued growing demand and uncertainties in supply.
In the early part of the year, tin was relatively a laggard compared with other hard commodities such as gold, zinc, copper and nickel, which experienced significant price hikes up to over 100%.
Among the top world tin players that should benefit from the strong tin price are public-listed Malaysia Smelting Corp Bhd (MSC), Peru-based Minsur SA, China-based Yunnan Tin Co Ltd and Indonesia-based PT Timah Tbk.
The research unit said the share prices of Minsur, which is listed on the Lima Stock Exchange, Yunnan Tin listed on the Shenzen Stock Exchange and PT Timah listed on the Jakarta Stock Exchange, had increased 10% to 30% over the past three months.
Malaysia's sole tin smelter MSC, whose shares were re-quoted on Bursa Malaysia last Wednesday, saw commendable performance with its share price closing at RM6.00 last Friday.
ZJ Research said tin price experienced significant jump since the second half of the year arising from uncertainties in future supply and demand factors.
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