SMM Tin Weekly Price Review and Forecast (3-7 June, 2013)

SHANGHAI, Jun. 3 (SMM) – In China’s spot tin market, prices held steady early last week but kept falling due to weak consumption in the latter half last week, and dropped to RMB 143,500-145,000/mt last Friday. Traded prices for brands in Jiangxi has fallen to RMB 143,200/mt. Given the downside risk for LME tin and weak demand in China’s domestic spot market caused by a lack of orders for downstream buyers, combined with increasing supply, tin prices fell faster.