SMM Tin Price Forecast (Jul. 30-Aug. 3)-Shanghai Metals Market

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SMM Tin Price Forecast (Jul. 30-Aug. 3)

Price Review & Forecast 09:58:32AM Jul 30, 2012 Source:SMM

SHANGHAI, Jul. 30 (SMM) – Last week, spot tin prices in Shanghai fell from RMB 146,000-148,000/mt to RMB 143,000-144,500/mt under the influence of the slump of LME tin prices. The falling tin prices raised the wait-and-see sentiment in the market, and further dampened buying interest among downstream buyers. Cargo holders reported poor sales due to weak demand. The lower prices also discouraged smelters’ selling interest, leaving supply limited. Goods circulating in the market are mainly from Yunxi and Yunheng. Trading remained quiet with both demand and supply still depressed.
 

Key Words:  tin price   spot tin 

SMM Tin Price Forecast (Jul. 30-Aug. 3)

Price Review & Forecast 09:58:32AM Jul 30, 2012 Source:SMM

SHANGHAI, Jul. 30 (SMM) – Last week, spot tin prices in Shanghai fell from RMB 146,000-148,000/mt to RMB 143,000-144,500/mt under the influence of the slump of LME tin prices. The falling tin prices raised the wait-and-see sentiment in the market, and further dampened buying interest among downstream buyers. Cargo holders reported poor sales due to weak demand. The lower prices also discouraged smelters’ selling interest, leaving supply limited. Goods circulating in the market are mainly from Yunxi and Yunheng. Trading remained quiet with both demand and supply still depressed.
 

Key Words:  tin price   spot tin