Home / Metal News / Copper / SMM Tin Weekly Price Review and Forecast (11-15 Nov. 2013)
SMM Tin Weekly Price Review and Forecast (11-15 Nov. 2013)
Nov 11,2013 17:19CST
price review forecast
Source:SMM
In China’s spot tin market, prices presented continuous declines in the first three trading days last week.

SHANGHAI, Nov. 11 (SMM) – In China’s spot tin market, prices presented continuous declines in the first three trading days last week, and hit a low of RMB 143,500-146,500/mt, with trading activity dull. Prices rallied to RMB 145,000-148,000/mt Wednesday afternoon as downstream consumers went bargain hunting and LME tin prices increased. Low-priced resources were thus soon sold out. However, spot tin prices failed to extend gains, only holding steady on Thursday and Friday, as LME tin prices fell back Wednesday night following an initial rise and came under downward pressure. Domestic tin smelters held quotes firm in the latter half of the week and were reluctant to sell, lending some support to prices. 

 
spot tin prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news