Tin Price Commodity Slipped

The price of Tin in Malaysia commodity exchange trading session down on Wednesday afternoon (06/01). The Tin price drop triggered worries the weakening demand, following a decrease in activity data services of China and the decline in u.s.vehicle sales.

Activity in the service sector of China experienced a moderate expansion, though the slowest in 17 months in December, according to the results of the non-manufacturing Purchasing Managers ' Index (PMI) Caixin, a measure of factory activity. The actual results are on 50.2 in December from 51.2 in November. Last week, the official services PMI reading for December rose 54.4, 53.6 from November. Numbers above 50 indicate expansion in the activity on a monthly basis.

While other news is a U.S. vehicle sales slipped 17.3 million units on an annual basis in December, declining from the previous result on the 18.2 million units.

Weakening data activity in China provide Chinese demand worries sentiment as the country's consumer base metals are great in this world.Likewise a weakening auto sales indicates decreased demand for base metals.

The price of Tin in Malaysia commodity stock exchange observed decline. This industrial metal prices traded at position 14150 dollars per ton, down significantly of 280 dollars.