SMM Tin Price Forecast (Jan. 28-Feb. 1)

SHANGHAI, Jan. 28 (SMM) – Last week, spot tin prices in China dropped below RMB 160,000/mt due to a lack of support from LME tin and depressed demand. Last Friday, mainstream traded prices were between RMB 157,500-159,000/mt, but Yunnan Tin Group held quotations firm at RMB 162,000/mt. The absence of replenishments from downstream enterprises prior to Chinese New Year holiday further damped trading and drove prices lower.