SMM Tin Price Forecast (Jun. 18-21)

SHANGHAI, Jun. 18 (SMM) – Last week, prices in Shanghai tin market continued falling with traded prices down to RMB 150,500-152,000/mt last Friday, and a few transactions were done at RMB 149,500/mt Friday. Transactions in the market did not improve despite lower spot tin prices. Orders at downstream enterprises dropped further with weak demand. Most smelters continued cutting production and were reluctant to move goods, limiting tin supply in the market. The directionless LME tin prices failed to offer any guides to domestic tin prices, and Greek election remained the market focus.