SMM Tin Price Forecast (Feb. 25-Mar.1)-Shanghai Metals Market

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SMM Tin Price Forecast (Feb. 25-Mar.1)

Price Review & Forecast 06:55:20PM Feb 25, 2013 Source:SMM

SHANGHAI, Feb. 25 (SMM) – Spot tin prices fell along with LME tin prices from RMB 161,000-162,500/mt, to RMB 156,000-158,000/mt last week with trading quite light. Some downstream enterprises have not recovered production, leaving no need for purchasing tin ingots. Plus the falling prices, market was dominated by strong wait-and-see sentiment. Besides, orders for downstream enterprises were also poor, slowing their pace of consuming raw materials, some of them were still depleting inventories built ahead of the holiday. In addition to the tumbling LME tin prices, the persistently low prices in Wuxi also negatively affected overall spot market, forcing cargo holders to lower prices. Trading was thin on the whole with inquiries sparse.

Key Words:  spot tin prices 

SMM Tin Price Forecast (Feb. 25-Mar.1)

Price Review & Forecast 06:55:20PM Feb 25, 2013 Source:SMM

SHANGHAI, Feb. 25 (SMM) – Spot tin prices fell along with LME tin prices from RMB 161,000-162,500/mt, to RMB 156,000-158,000/mt last week with trading quite light. Some downstream enterprises have not recovered production, leaving no need for purchasing tin ingots. Plus the falling prices, market was dominated by strong wait-and-see sentiment. Besides, orders for downstream enterprises were also poor, slowing their pace of consuming raw materials, some of them were still depleting inventories built ahead of the holiday. In addition to the tumbling LME tin prices, the persistently low prices in Wuxi also negatively affected overall spot market, forcing cargo holders to lower prices. Trading was thin on the whole with inquiries sparse.

Key Words:  spot tin prices