SMM Tin Price Forecast (Jan. 14-18)

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.