Thursday, August 21, 2008

MARKET UPDATE

MARKET UPDATE AT 5.30 PM ON 21 AUGUST

- Tin jumped more than 5 percent on expectations that supply


from Indonesia, the world's second-largest tin producer after

China, will decline, traders said.

Tin for three-month delivery on the London Metal Exchange

rose to $21,550 a tonne from a last quote of $20,500/20,505

on Wednesday.

Consultancy ITRI said the global tin supply deficit was forecast

to reach up to 20,000 tonnes in 2008 due to falling supplies from

Indonesia, revising up an earlier estimate of 12,000 tonnes.

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