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SMM Tin Price Forecast (Sept. 26-30)
Sep 26,2011 13:54CST
smm insight
Source:SMM
Domestic tin price failed to end its downward run during the week from September 19th to 23rd.

SHANGHAI, Sept. 26 (SMM) – Due to continuously sliding LME tin price, weak domestic consumption and impact from imported tin, domestic tin price failed to end its downward run during the week from September 19th to 23rd. The falling run accelerated on Friday, September 23rd due to plunging LME tin price overnight, with domestic traded prices dropping to RMB 175,000-180,000/mt during the day. Despite falling prices, market transactions remained sluggish during the week on weak terminal consumption. Meanwhile, further plunges in LME tin price stoked some domestic buyers’ interest for tin import. Therefore domestic tin import will continue, which will weigh on domestic tin sales as it meets producers’ demand. Spot tin price therefore still has downward space.

tin price

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