SMM Tin Price Forecast (Feb. 6-10)-Shanghai Metals Market

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SMM Tin Price Forecast (Feb. 6-10)

SMM Insight 03:09:53PM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) – Spot tin prices surged to RMB 185,500-186,000/mt early last week supported by jumping LME prices and tight supply. However, after LME tin ended its gaining run and other metals prices dropped, and as many downstream businesses already stocked up ahead of the Chinese New Year, tin prices fell to RMB 182,000-184,000/mt on Friday. Supply of the metal has held tight as smelters in Yunnan and Jiangxi etc. still have not fully resumed production with a wait-and-see stance. Production has not turned normal either at downstream, leading to light trading.

Key Words:  tin price   tin Sn   LME   spot tin   smelter   downstream 

Price

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SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

SMM Tin Price Forecast (Feb. 6-10)

SMM Insight 03:09:53PM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) – Spot tin prices surged to RMB 185,500-186,000/mt early last week supported by jumping LME prices and tight supply. However, after LME tin ended its gaining run and other metals prices dropped, and as many downstream businesses already stocked up ahead of the Chinese New Year, tin prices fell to RMB 182,000-184,000/mt on Friday. Supply of the metal has held tight as smelters in Yunnan and Jiangxi etc. still have not fully resumed production with a wait-and-see stance. Production has not turned normal either at downstream, leading to light trading.

Key Words:  tin price   tin Sn   LME   spot tin   smelter   downstream