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Home / Metal News / SMM Tin Price Forecast (Dec. 19-23)

SMM Tin Price Forecast (Dec. 19-23)

Dec 19, 2011 18:15

At present, Chinese spot tin prices have shown some stability in contrast to plunges in LME tin prices.

SHANGHAI, Dec. 19 (SMM) – Chinese spot tin prices were relatively stable last week compared with successive losses in LME tin. Investors have turned bearish after LME tin successively dropped below USD 20,000/mt and USD 19,000/mt and the traded volume stayed weak throughout the week. Orders have become increasingly scarce at downstream and some solder producers are reported to have ended this year’s production earlier. At present, Chinese spot tin prices have shown some stability in contrast to plunges in LME tin prices.

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