SMM Tin Price Forecast (Aug. 13-17)-Shanghai Metals Market

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SMM Tin Price Forecast (Aug. 13-17)

Price Review & Forecast 02:21:59PM Aug 13, 2012 Source:SMM

SHANGHAI, Aug. 13 (SMM) – Spot tin market in China remained a weak trend last week. Supply in the market was still limited with transactions mainly made for goods from Yunxi and Yunheng. Some goods were provided by Jinlong early last week, and a few goods from Xiangxi, Nanshan and Weitai were also seen in the market. Smelters remained reluctant to move goods, and traders replenished stocks cautiously due to unimproved buying interest among downstream buyers. LME tin prices did not fall further but spot tin prices in domestic market continued to drop due to the weak demand. SMM believes there is still possibility that tin prices may fall further. SMMI.Sn was down 0.52% last week.
 

Key Words:  spot tin   tin price 

SMM Tin Price Forecast (Aug. 13-17)

Price Review & Forecast 02:21:59PM Aug 13, 2012 Source:SMM

SHANGHAI, Aug. 13 (SMM) – Spot tin market in China remained a weak trend last week. Supply in the market was still limited with transactions mainly made for goods from Yunxi and Yunheng. Some goods were provided by Jinlong early last week, and a few goods from Xiangxi, Nanshan and Weitai were also seen in the market. Smelters remained reluctant to move goods, and traders replenished stocks cautiously due to unimproved buying interest among downstream buyers. LME tin prices did not fall further but spot tin prices in domestic market continued to drop due to the weak demand. SMM believes there is still possibility that tin prices may fall further. SMMI.Sn was down 0.52% last week.
 

Key Words:  spot tin   tin price