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SMM Tin Price Forecast (Nov. 14-18)
Nov 14,2011 13:55CST
smm insight
Source:SMM
Shanghai spot tin prices fluctuated downward to RMB 178,500-180,800/mt on Friday, November 11th, with the weekly average price slipping RMB 850/mt from the previous week.

SHANGHAI, Nov. 14 (SMM) – Shanghai spot tin prices fluctuated downward to RMB 178,500-180,800/mt on Friday, November 11th, with the weekly average price slipping RMB 850/mt from the previous week. Traded volumes remained slightly limited. The downstream demand stayed week, which weighed on prices of the metal. Some traders lifted their quotations on Wednesday following overnight gains of LME tin, which, however, was ill-responded due to the weak demand. The narrowed price gap between domestic and LME tin prices eroded profits of importers. Traders’ interest for pricing plunged as a result. However, tin futures previously imported through pricing were gradually arriving China, thereby damping demand for domestic tin. As LME tin prices begin to slip following previous fluctuations, which added to worries of market players, domestic spot tin prices still face downside pressures.

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LME tin
Shanghai spot tin
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