SMM Tin Weekly Price Review and Forecast (13-14 Jun. 2013)

SHANGHAI, Jun. 8 (SMM) – Spot tin prices in China remained low and fell to RMB 141,500-143,500/mt Friday. The pre-holiday replenishments expected ahead of the Chinese Dragon Boat Festival failed to materialize, leaving trading muted. Excess supply and bearishness prevailing in the market drove down prices. Thus, although LME tin prices remained relatively stable, spot tin prices gained little support. Yunnan Tin Group was unwilling to move goods and kept quotes high, but market was little affected.