SMM Tin Market Daily Review (2013-4-18)

SHANGHAI, Apr. 19 (SMM) – The slump in LME tin prices caused spot tin prices in China to fall quickly on Thursday, with mainstream traded prices at RMB 141,000-142,000/mt in the morning trading session. Few transaction was made given the plunging prices. In the afternoon, LME tin prices fell below USD 20,000/mt, and mainstream traded prices slipped to RMB 140,000-141,500/mt, with strong wait-and-see mood. Most smelters were still unwilling to move goods, and limited supply constrained the downward room. Market expects prices to fall further.