SMM Tin Weekly Price Review and Forecast (21-25 Oct. 2013)

Price Review & Forecast 06:13:27PM Oct 21, 2013 Source:SMM

SHANGHAI, Oct. 21 (SMM) – Spot tin market in China saw faster declines last week, dampened by slipping LME tin and feeble consumption downstream, with spot prices down to RMB 146,500-150,000/mt last Friday. Spot tin prices came under downward pressure given increasing supplies for the brands of Jiangxi province which were offered at low prices and limited sales. Last Thursday, traders cut quotations several times, driving prices to fall quickly, and leaving prices in Shanghai RMB 1,500-2,000/mt lower than those in Guangdong. Transactions picked up slightly Thursday afternoon, but trading remained muted for the whole week. Tin prices presented the biggest drop among all base metals. 

 
Key Words:  spot tin price 

SMM Tin Weekly Price Review and Forecast (21-25 Oct. 2013)

Price Review & Forecast 06:13:27PM Oct 21, 2013 Source:SMM

SHANGHAI, Oct. 21 (SMM) – Spot tin market in China saw faster declines last week, dampened by slipping LME tin and feeble consumption downstream, with spot prices down to RMB 146,500-150,000/mt last Friday. Spot tin prices came under downward pressure given increasing supplies for the brands of Jiangxi province which were offered at low prices and limited sales. Last Thursday, traders cut quotations several times, driving prices to fall quickly, and leaving prices in Shanghai RMB 1,500-2,000/mt lower than those in Guangdong. Transactions picked up slightly Thursday afternoon, but trading remained muted for the whole week. Tin prices presented the biggest drop among all base metals. 

 
Key Words:  spot tin price