SMM Tin Weekly Price Review and Forecast (17-21 Jun. 2013)

SHANGHAI, Jun. 17 (SMM) – Spot tin prices in China fell RMB 750/mt on the first trading day after the Chinese Dragon Boat Festival due to the falling LME tin prices during the break, and fell another RMB 250/mt last Friday to RMB 140,500-142,000/mt. The fallback of LME tin prices and sluggish consumption in spot markets as well as lower prices offered for Jiangxi’s brands drove spot tin prices to drop quickly. Trading was rather quiet last Thursday and improved slightly Friday. Most downstream buyers replenished goods ahead of the holiday, leaving strong wait-and-see mood in the market.