SMM Tin Price Forecast (Mar. 26-30)

SHANGHAI, Mar. 26 (SMM) – Spot tin prices dropped below RMB 170,000/mt last week in Shanghai as LME tin prices continued to slip. The selling interest was strong but buying interest gradually cooled in the face of continually falling prices, leading to light trading. Deals at high-end prices were thin throughout the week. As the bearish market sentiment spreads, which is fueled by a slowing Chinese economy and weak performance in the euro zone, and as demand stays weak, SMM expects the metal to shed more losses and trade between RMB 167,000-168,000/mt this coming week.