SMM Tin Price Forecast (Jul. 2-6)-Shanghai Metals Market

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SMM Tin Price Forecast (Jul. 2-6)

Price Review & Forecast 11:58:14AM Jul 02, 2012 Source:SMM

SHANGHAI, Jul. 2 (SMM) – Last week, Shanghai tin market remained sluggish with spot tin prices keeping falling. Mainstream traded prices in spot market fell to RMB 146,000-148,000/mt as of last Friday from RMB 149200-150500/mt early last week. Some transactions were made at RMB 145,500/mt. The weak demand and light trading were the major factors behind the falling prices. Besides, since LME tin prices remained weak and since some major tin producers lowered quotations, market players in a panic also sold goods at lower prices. However, transactions were still not turning better. Some dealers became unwilling to sell goods due to the plunging prices.
 

SMM Tin Price Forecast (Jul. 2-6)

Price Review & Forecast 11:58:14AM Jul 02, 2012 Source:SMM

SHANGHAI, Jul. 2 (SMM) – Last week, Shanghai tin market remained sluggish with spot tin prices keeping falling. Mainstream traded prices in spot market fell to RMB 146,000-148,000/mt as of last Friday from RMB 149200-150500/mt early last week. Some transactions were made at RMB 145,500/mt. The weak demand and light trading were the major factors behind the falling prices. Besides, since LME tin prices remained weak and since some major tin producers lowered quotations, market players in a panic also sold goods at lower prices. However, transactions were still not turning better. Some dealers became unwilling to sell goods due to the plunging prices.