SMM Tin Weekly Review and Forecast (8-12 Jul. 2013)

SHANGHAI, Jul. 8 (SMM) – Spot tin prices in China remained steady at RMB 138,000-139,000/mt early last week. Cargo holders raised quotes last Wednesday due to rally in LME tin, with goods offered below RMB 138,500/mt rarely seen and mainstream traded prices up to RMB 138,500-139,500/mt. Later, however, as LME tin was unable to advance any longer, high-end prices in China’s spot market lacked momentum to grow further, narrowing price gap between leading and other brands and leaving low-priced goods limited. Despite higher prices, consumption in spot tin markets remained sluggish.