SMM Tin Price Forecast (Aug. 6-10)-Shanghai Metals Market

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SMM Tin Price Forecast (Aug. 6-10)

Price Review & Forecast 01:55:00PM Aug 06, 2012 Source:SMM

SHANGHAI, Aug. 6 (SMM) – China’s spot tin prices remained relatively stable last week. Mainstream traded prices early last week were between RMB 143,000-144,500/mt. The supply cut by smelters left insufficient goods available to the market, helping support tin prices. During mid-week, tin prices increased to RMB 143,500-144,500/mt, but downstream enterprises purchased in limited amounts due to a lack of orders. Trading was thus poor. With LME tin prices falling again while demand remaining low, mainstream traded prices fell to RMB 142,500-144,000/mt on Friday. Market fundamentals should remain weak in the short term.

Key Words:  tin price   spot tin 

SMM Tin Price Forecast (Aug. 6-10)

Price Review & Forecast 01:55:00PM Aug 06, 2012 Source:SMM

SHANGHAI, Aug. 6 (SMM) – China’s spot tin prices remained relatively stable last week. Mainstream traded prices early last week were between RMB 143,000-144,500/mt. The supply cut by smelters left insufficient goods available to the market, helping support tin prices. During mid-week, tin prices increased to RMB 143,500-144,500/mt, but downstream enterprises purchased in limited amounts due to a lack of orders. Trading was thus poor. With LME tin prices falling again while demand remaining low, mainstream traded prices fell to RMB 142,500-144,000/mt on Friday. Market fundamentals should remain weak in the short term.

Key Words:  tin price   spot tin