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SMM Tin Price Forecast (Nov. 7-11)
Nov 7,2011 13:22CST
smm insight
Source:SMM
China spot tin prices slipped slightly to below the RMB 180,000/mt mark during the week from October 31st to November 4th. The SMMI.Sn index slipped 0.82%.

SHANGHAI, Nov. 7 (SMM) – China spot tin prices slipped slightly to below the RMB 180,000/mt mark during the week from October 31st to November 4th. The SMMI.Sn index slipped 0.82%. Despite stable LME tin prices, China’s domestic tin prices had been continuously sliding down due to weak demand and tin import. The wait-and-see sentiment still prevailed among smelters. Branded tin from Jiangxi and Hunan etc. provinces, excluding Yunnan, was rarely seen in domestic markets. Only a small volume of Jinlong branded tin showed up in the Shanghai tin market earlier during the week. Yunxi, Yunheng and Yunxiang had been dominant brands during remaining days of the week. The extent of weakness in demand and goods holder’ confidence was quite obvious given dropping prices in contrast to limited supply.

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