SHANGHAI, Jul.18 (SMM) -- In China’s domestic tin spot markets, prices were mainly above RMB 200,000/mt last week, with the average price on SMM at RMB 202,250/mt last Friday, up RMB 3,750/mt from two weeks ago. Market supply consisted mainly of tin from Yunnan Tin Group, Yunheng and Yunxiang brands etc., with other brands limited. Continuous environmental protection inspections and power restrictions in Jiangxi, Hunan and Guangdong provinces led to production cuts or even suspensions, negatively affecting normal sales. Coupled with low selling interest, market supply reduced further. Trading volumes kept stable, but the rapidly rising prices triggered strong wait-and-see sentiment among downstream producers, combined with low demand and tight capital, most downstream producers were only purchasing on an as-needed basis. In general, low market supply and strong LME tin prices should support domestic tin spot prices.
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