SMM Tin Price Forecast (Jan. 14-18)-Shanghai Metals Market

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SMM Tin Price Forecast (Jan. 14-18)

Price Review & Forecast 11:50:58AM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – Spot tin prices in China kept rising after Yunnan Tin Group announced to conduct maintenance, and hit RMB 158,000-160,500/mt last Thursday from RMB 151,500-154,000/mt before the New Year holiday. However, downstream buyers considered the prices unacceptable, causing transactions to decline since Tuesday. The limited supply of non-leading brands remained a major factor holding spot prices high. Nevertheless, smelters started to vacillate by the end of the week, with price increase slowing.
 

SMM Tin Price Forecast (Jan. 14-18)

Price Review & Forecast 11:50:58AM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – Spot tin prices in China kept rising after Yunnan Tin Group announced to conduct maintenance, and hit RMB 158,000-160,500/mt last Thursday from RMB 151,500-154,000/mt before the New Year holiday. However, downstream buyers considered the prices unacceptable, causing transactions to decline since Tuesday. The limited supply of non-leading brands remained a major factor holding spot prices high. Nevertheless, smelters started to vacillate by the end of the week, with price increase slowing.