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Home / Metal News / SMM Tin Price Forecast (Apr. 22-26, 2013)

SMM Tin Price Forecast (Apr. 22-26, 2013)

iconApr 22, 2013 13:57
Spot tin prices, influenced by the plunging LME tin, fell some RMB 10,000/mt last week, with mainstream traded prices ending at RMB 140,500-142,000/mt last Friday.

SHANGHAI, Apr. 22 (SMM) – Spot tin prices, influenced by the plunging LME tin, fell some RMB 10,000/mt last week, with mainstream traded prices ending at RMB 140,500-142,000/mt last Friday after hitting a low of RMB 140,000/mt Thursday. Trading was rather quiet given strong bearishness. Most tin smelters were unwilling to move goods, but this gave no support to prices, as supply was still sufficient given the anemic demand. Downstream buyers only waited on the sidelines and rarely purchased against the falling prices.

spot tin price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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