Stellar should be in a prime position to do deal soon (with an...

Stellar should be in a prime position to do deal soon (with an industry heavy hitter) as tin climbs on the lessening of worries about China.

http://www.infomine.com/investment/metal-prices/tin/

http://www.nytimes.com/2013/08/10/business/global/new-data-suggest-stabilizing-chinese-economy.html?_r=0

Extracts
Industrial output growth, which had been languishing around 9 percent for the past few months, jumped to 9.7 percent in July, the National Bureau of Statistics reported. The figure easily beat expectations for a rise of 9 percent, and helped support tentative signs that conditions in the country’s manufacturing sector were starting to show a moderate improvement.

Together with unexpectedly solid import and export data released Thursday, this week’s data appeared to show that the Chinese economy has stabilized, at least for now, and prompted some analysts to project a modest pickup in the coming months.

‘'The better-than-expected July activity data has largely dampened the concern of a hard landing of China’s economy,'’ economists at Australia and New Zealand Banking Group wrote in a note. It suggests that China’s economy
‘'is bottoming out.'’

http://bbs.chinadaily.com.cn/thread-888251-1-1.html

Extracts
China's rebalancing efforts, Rutkowski said, concern not only Beijing itself, but also the whole world.

According to the "2013 Spillover Report" released by the International Monetary Fund (IMF) earlier this month, if China were to be successful in economic restructuring in coming years, this would add about 1.5 percent to global economic growth.

And this would be an equivalent drag on growth, if China were to fail to rebalance, he said.

On top of that, some commodity exporters like Brazil and other Asian economies including Japan and South Korea which are reliant on China as a critical part of their regional value chain would suffer severely, he added.

http://www.brecorder.com/markets/commodities/europe/130735-tin-firms-on-supply-fears-copper-dips-ahead-of-china-data.html

Tin, mainly used for soldering in electronics, has been the best performer among the main LME metals so far this year and has gained about 11 percent over the past two weeks.
Its prices have been driven up by a delay in shipments from Indonesia, the world's top exporter of the metal, due to an overhaul in government export rules.

The premium of cash LME tin over the three-month contract climbed $7 to $35 a tonne by the close on Tuesday, indicating strong demand for spot material, compared with a discount of $67 a month ago.

The tin market should remain robust in coming months even if the confusion about export regulations is solved, because Indonesia has running down domestic stocks over the past 18 months, analyst Stephen Briggs at BNP Paribas said.

"There has to be a pay-back, so you're not likely to see exports as high in next 18 months as they have been in the last 18 months," he said. "I'm quite positive about tin. I think the trend is for quite a tight market."