The topic of emerging markets is always interesting, but it is one which is notoriously riddled with uncertainty. As developing economies have begun to emerge from the recession, this has quite often been at the mercy of emerging markets. China’s growth is expected to slow and economies with current account deficits such as Brazil and India are also vulnerable. There are, however, some specific markets which are thriving and which may present opportunities for investors. This article takes an overview of what happened with emerging economies in 2013 and what the future holds for the year ahead. Read more…
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Tin to Make a Splash in Metals Market for 2014
Tin seems to be the way to the future-at least as far as wise investing for 2014-with global demand far exceeding the supply levels of diminishing inventories and China ramping up its role as net importer, according to Morgan Stanley.
China, metal economists note, can no longer sufficiently fulfil its own needs in neither refined- nor mined-tin, as demand for led-free solder in the electronics sectors has risen once again.
Although Indonesia has aggravated global deficit with the export curb it imposed, tin has been the best performing base metal this year on the London Metal Exchange. The disturbance created by the rule changes in the world’s greatest exporter have hiked up the costs of local producers, pushing prices up for makers in the electronics and packaging industries.
The shift in China’s stand from an exporter of the commodity to an importer looking to cover even its basic needs especially stands out in the eyes if investors who predict the improvement in the metal’s performance through next year.
In an October 7th report, Morgan Stanley sees the price of tin for immediate delivery to average $22,845 a ton next year. This year so far, by comparison, tin’s price on the LME has averaged to $22,203 a ton. Three-month tin saw a drop of 2 percent this year, which was smaller that the falls in aluminium, nickel, lead and zinc.
