SMM Tin Price Forecast (Mar. 4-8)

SHANGHAI, Mar. 4 (SMM) – Spot tin market stabilized last week. With LME tin prices holding steady at USD 23,160/mt and edging up, domestic spot tin prices stopped falling with traded prices at RMB 156,000-158,000/mt last Friday. Although a few goods were quoted as low as RMB 155,500/mt, low-priced goods were fewer than a week ago, and cargoes traded in the market were mainly from Yunxi, Yunxiang, and Yunheng. Despite the slight increase in LME tin prices, ample supplies and depressed demand left little impetus for prices to rise.