Prices in world market of metals continue to decrease

Almaty. October 28. Kazakhstan Today - Prices in the world market of tin have continued to decrease. For the last days of October prices of cash metal at the London stock exchange of metals, on the Chinese spot market and on Malaysian stock exchange in Kuala Lumpur decreased.

The reason of decrease is the world economic crisis. The influence of the crisis on the market of nonferrous metals is huge. All exchange metals have undergone clearance sale with decrease of prices on the background of the growing dollar, decrease of prices for oil, and negative forecasts of world consumption of metals.

The fear of world economic recession has negatively affected as well, which has already decreased demand and can create surpluses of metals in the markets.

As for tin, it is not oversupplied yet. The International Analytical Bureau of Statistics notes deficit of this metal.

As a whole, in October stock prices for tin have continuously decreased.

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