SMM Tin Price Forecast (Jun. 4-8)-Shanghai Metals Market

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SMM Tin Price Forecast (Jun. 4-8)

SMM Insight 05:22:34PM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 153,500-155,000/mt as of last Friday influenced by the continuous drop of LME tin prices. Smelters limited sales due to production cuts and low selling interest, leaving fewer goods seen at low prices. But the limited supply failed to offer any support to prices. Transactions were quiet due to pessimism and wait-and-see sentiment, as well as the sluggish demand during offseason. Many smelters cut production, with a few of them even suspending operation temporarily.

SMM Tin Price Forecast (Jun. 4-8)

SMM Insight 05:22:34PM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 153,500-155,000/mt as of last Friday influenced by the continuous drop of LME tin prices. Smelters limited sales due to production cuts and low selling interest, leaving fewer goods seen at low prices. But the limited supply failed to offer any support to prices. Transactions were quiet due to pessimism and wait-and-see sentiment, as well as the sluggish demand during offseason. Many smelters cut production, with a few of them even suspending operation temporarily.