SMM Tin Price Forecast (2-3 May, 2013)-Shanghai Metals Market

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SMM Tin Price Forecast (2-3 May, 2013)

Price Review & Forecast 09:14:33AM Apr 28, 2013 Source:SMM
SHANGHAI, Apr. 28 (SMM) – Spot tin prices in China, influenced by LME tin prices, also rose this week, with mainstream traded prices at RMB 144,000-145,000/mt on Friday. Smelters were not willing to sell goods and held quotations firm. Quotes from Yunnan Tin Group were raised to RMB 149,000/mt on Friday. Downstream buyers started purchasing on rising prices, leaving trading improved early this week. Goods available to the market reduced due to low selling interest, further driving up spot prices. Hence, trading turned light on Thursday as buyers considered prices unacceptable. On April 26, spot prices failed to continue the upward trend due to soft consumption and LME tin meeting resistance.

 

Key Words:  spot tin price 

SMM Tin Price Forecast (2-3 May, 2013)

Price Review & Forecast 09:14:33AM Apr 28, 2013 Source:SMM
SHANGHAI, Apr. 28 (SMM) – Spot tin prices in China, influenced by LME tin prices, also rose this week, with mainstream traded prices at RMB 144,000-145,000/mt on Friday. Smelters were not willing to sell goods and held quotations firm. Quotes from Yunnan Tin Group were raised to RMB 149,000/mt on Friday. Downstream buyers started purchasing on rising prices, leaving trading improved early this week. Goods available to the market reduced due to low selling interest, further driving up spot prices. Hence, trading turned light on Thursday as buyers considered prices unacceptable. On April 26, spot prices failed to continue the upward trend due to soft consumption and LME tin meeting resistance.

 

Key Words:  spot tin price