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Home / Metal News / SMM Tin Price Forecast (Jan. 16-20)

SMM Tin Price Forecast (Jan. 16-20)

Jan 16, 2012 17:18

Source:SMM

Spot tin prices climbed all the way from RMB 164,000-165,000/mt to the highest RMB 172,000/mt last week.

SHANGHAI, Jan. 16 (SMM) – Spot tin prices climbed all the way from RMB 164,000-165,000/mt to the highest RMB 172,000/mt last week in Shanghai. Traded volumes were moderate early in the week but turned light during later trading days as stock replenishments gradually draw to a close. In addition, the buying interest dropped sharply with climbing prices. Traded prices of the metal dropped to RMB 170,000-171,000/mt on Thursday and rebounded to RMB 170,000-173,000/mt on Friday after Yunnan Tin Group lifted its quotation to RMB 175,000/mt supported by an overnight surge in LME tin prices. The traded volume was quite light though, with deals hardly concluded.

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