SMM Tin Price Forecast (Jan. 21- 25)-Shanghai Metals Market

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SMM Tin Price Forecast (Jan. 21- 25)

Price Review & Forecast 11:27:42AM Jan 21, 2013 Source:SMM

SHANGHAI, Jan. 21 (SMM) – In China, spot tin prices rose early last week to RMB 160,000/mt, with mainstream traded prices between RMB 160,000-161,000/mt. Quotations from Yunnan Tin Group remained firm at RMB 164,000/mt, while Chengfeng held ex-works prices at RMB 162,000-162,500/mt. Investors in spot tin market only waited on the sidelines since Wednesday as LME tin prices met resistance, combined with lower prices offered in Wuxi, the increase in spot tin prices was curbed. Traded prices in spot market were mainly around RMB 160,000/mt last Friday, with moving range narrowing. Trading was modest as few buyers planned to stock goods for the upcoming holiday.

 

SMM Tin Price Forecast (Jan. 21- 25)

Price Review & Forecast 11:27:42AM Jan 21, 2013 Source:SMM

SHANGHAI, Jan. 21 (SMM) – In China, spot tin prices rose early last week to RMB 160,000/mt, with mainstream traded prices between RMB 160,000-161,000/mt. Quotations from Yunnan Tin Group remained firm at RMB 164,000/mt, while Chengfeng held ex-works prices at RMB 162,000-162,500/mt. Investors in spot tin market only waited on the sidelines since Wednesday as LME tin prices met resistance, combined with lower prices offered in Wuxi, the increase in spot tin prices was curbed. Traded prices in spot market were mainly around RMB 160,000/mt last Friday, with moving range narrowing. Trading was modest as few buyers planned to stock goods for the upcoming holiday.