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SMM Tin Market Daily Review (2013-3-13)
Mar 14,2013 09:32CST
price review forecast
Source:SMM
In Shanghai tin market, mainstream traded prices were between RMB 153,500-155,500/mt on March 13.

SHANGHAI, Mar. 14 (SMM) – In Shanghai tin market, mainstream traded prices were between RMB 153,500-155,500/mt on March 13, with some goods traded at RMB 153,000/mt. Spot tin prices continued to fall with trading quiet as the increase in LME tin prices failed to give any support to spot prices. The overcapacity and low buying interest in domestic tin market forced cargo holders to lower selling prices. Poor orders at downstream enterprises and unstable tin prices undermined buying interest downstream. In this context, spot tin prices will continue to fall if LME tin fails to break above the resistance.

 

spot tin prices

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