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SMM Tin Price Forecast (Mar. 11-15)
Mar 11,2013 14:39
CSTprice review forecast
Source:SMM
Last week, LME tin prices kept fluctuating, leaving little support to spot tin prices in China.
SHANGHAI, Mar. 11 (SMM) – Last week, LME tin prices kept fluctuating, leaving little support to spot tin prices in China. As such, spot tin prices fell amid depressed demand with mainstream traded prices between RMB 154,500-156,000/mt on Friday. Yunnan Tin Group held its quotes at RMB 158,000/mt. LME tin prices and tin prices in Wuxi started higher but dropped later last Friday, a tin smelter lowered ex-works prices, hurting market confidence. Trading has remained thin through last week with supplies adequate.
spot tin prices
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