SMM Tin Price Forecast (Oct. 22-26)

SHANGHAI, Oct. 22 (SMM) – Spot tin prices in Shanghai continued to fall last week, with mainstream traded prices ending at RMB 151,500-153,500/mt last Friday. Although LME tin prices staged a rebound, weak demand in domestic market dragged down domestic spot tin prices. The inflow of low-priced goods, such as Yunxiang and Nanshan, pulling down overall prices, but trading remained sluggish. Only a few downstream enterprises purchased limitedly for production needs. Most goods available to the market were produced from Yunnan and Jiangxi, some imported goods were also circulating in the market.