SMM Tin Price Forecast (Sept.19-23)

SHANGHAI, Sept. 19 (SMM) -- Domestic tin price dropped slowly this week, with SMM tin price dropping to RMB 191,500-195,500/mt on September 16^th. SMM average tin price as of the day was RMB 193,500/mt, down RMB 2,250/mt from previous week. Main reasons for losses in domestic tin price include stagnating LME tin price, active selling at lower prices by Jiangxi tin suppliers and eroded consumption due to tin import. Though mainstream domestic tin brands held their prices steady, the dropping move still continued. Ordinary branded tin traded between RMB 191,500-195,500/mt, while, mainstream branded tin traded between RMB 195,000-195,500/mt.