SMM Tin Price Forecast (Feb. 4-8)-Shanghai Metals Market

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SMM Tin Price Forecast (Feb. 4-8)

Price Review & Forecast 09:26:45AM Feb 04, 2013 Source:SMM

SHANGHAI, Feb. 4 (SMM) – Spot tin prices stabilized to move up with mainstream traded prices between RMB 157,500-159,000/mt early last week. During the latter half of the week, only Yunnan Tin Group and Chengfeng continued to made quotations, while most other sellers stopped moving goods, cutting goods available to the market. Besides, transactions increased early in the week as downstream replenished goods ahead of the holiday, giving support to spot tin prices, combined with the strong trend in LME tin prices, spot tin prices were up to RMB 159,500-161,000/mt. However, trading turned quiet as most market players started holidays.


 

SMM Tin Price Forecast (Feb. 4-8)

Price Review & Forecast 09:26:45AM Feb 04, 2013 Source:SMM

SHANGHAI, Feb. 4 (SMM) – Spot tin prices stabilized to move up with mainstream traded prices between RMB 157,500-159,000/mt early last week. During the latter half of the week, only Yunnan Tin Group and Chengfeng continued to made quotations, while most other sellers stopped moving goods, cutting goods available to the market. Besides, transactions increased early in the week as downstream replenished goods ahead of the holiday, giving support to spot tin prices, combined with the strong trend in LME tin prices, spot tin prices were up to RMB 159,500-161,000/mt. However, trading turned quiet as most market players started holidays.