Suchergebnisse

In February 1958 the International Tin Council announced that as part of its efforts to cope with the world surplus of tin, the first control period would end on March 31, 1958, instead of on March 14. Total permissible exports were to remain at 27,000 tons. The Council subsequently decided to hold the rate of production to 23,000 tons for the period from April 1 to June 30, 1958, and then from July to September, and thus to continue to apply restrictions at a rate of about 40 percent. It was estimated in February 1958 that the reduction of exports would reduce the current supply of tin below the rate of current consumption. In May 1958 the market price of tin was just above the floor price of £730 per ton.

The International Tin Council met in October 1961, at Which time the tin producing countries proposed that the "floor" and "ceiling" prices under the agreement should be raised from their respective levels of £730 and, £880 a ton to, £800 and, £1,000 a ton. The motion was, however, defeated by the votes of the consuming countries.