SMM Tin Price Forecast (Jun. 25-29)-Shanghai Metals Market

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SMM Tin Price Forecast (Jun. 25-29)

Price Review & Forecast 05:18:44PM Jun 25, 2012 Source:SMM

SHANGHAI, Jun. 25 (SMM) – Last week, China’s domestic tin market remained quiet with traded prices mainly between RMB 150,000-150,500/mt. Since LME tin prices slumped last Wednesday, depressing market sentiment, quotations below RMB 150,000/mt were more frequently reported with the lowest prices at RMB 149,500/mt. Spot tin prices were relatively resistant due to fewer goods supply. Smelters were still unwilling to move goods. According to SMM’s survey, orders at downstream enterprises were still declining, leaving actual demand rather weak. Buyers downstream were reluctant to buy goods and dealers replenished stocks cautiously.
 

Key Words:  tin market   spot tin   tin price 

SMM Tin Price Forecast (Jun. 25-29)

Price Review & Forecast 05:18:44PM Jun 25, 2012 Source:SMM

SHANGHAI, Jun. 25 (SMM) – Last week, China’s domestic tin market remained quiet with traded prices mainly between RMB 150,000-150,500/mt. Since LME tin prices slumped last Wednesday, depressing market sentiment, quotations below RMB 150,000/mt were more frequently reported with the lowest prices at RMB 149,500/mt. Spot tin prices were relatively resistant due to fewer goods supply. Smelters were still unwilling to move goods. According to SMM’s survey, orders at downstream enterprises were still declining, leaving actual demand rather weak. Buyers downstream were reluctant to buy goods and dealers replenished stocks cautiously.
 

Key Words:  tin market   spot tin   tin price