SMM Tin Weekly Price Review and Forecast (28 Oct.-1 Nov. 2013)

SHANGHAI, Oct. 29 (SMM) – Spot tin prices remained between RMB 146,500-151,000/mt last week. Ample supplies for non-leading brands early last week left prices weak, with low-end price at RMB 146,500/mt. In the latter half of the week, spot prices drifted higher to RMB 147,000/mt since cheap resources were sold out and LME tin prices were resistant to declines. Prices for goods of Yunnan Tin Group held up high at RMB 150,500/mt due to limited supplies. Downstream consumption was soft on the whole.