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.
SMM Tin Price Forecast (Apr. 22-26, 2013)
Key Words: spot tin price
