SMM Tin Price Forecast (Jul. 9-13)-Shanghai Metals Market

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SMM Tin Price Forecast (Jul. 9-13)

Price Review & Forecast 05:12:43PM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) – Last week, mainstream traded prices in Shanghai tin market were between RMB 148,000-149,000/mt, and supply for well-known brands was insufficient with transactions mainly made for Yunxi and Yunheng. Recently, smelters limited sales, leaving nearly no goods from Jiangxi circulating in the market, which gave certain support to tin prices. Early last week, trading improved slightly as buyers bought on the way up, but later turned modest since downstream enterprises have completed replenishment and since LME tin prices fell back. Given the weak demand, SMMI.Sn showed slightest increase of 1.02% last week.

SMM Tin Price Forecast (Jul. 9-13)

Price Review & Forecast 05:12:43PM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) – Last week, mainstream traded prices in Shanghai tin market were between RMB 148,000-149,000/mt, and supply for well-known brands was insufficient with transactions mainly made for Yunxi and Yunheng. Recently, smelters limited sales, leaving nearly no goods from Jiangxi circulating in the market, which gave certain support to tin prices. Early last week, trading improved slightly as buyers bought on the way up, but later turned modest since downstream enterprises have completed replenishment and since LME tin prices fell back. Given the weak demand, SMMI.Sn showed slightest increase of 1.02% last week.