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

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

Price Review & Forecast 01:57:59PM Apr 22, 2013 Source:SMM

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.

Key Words:  spot tin price 

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

Price Review & Forecast 01:57:59PM Apr 22, 2013 Source:SMM

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.

Key Words:  spot tin price