SMM Tin Weekly Price Review and Forecast (Feb. 24-28, 2014)

SHANGHAI, Feb. 24 (SMM) – In China’s spot tin market, prices extended gains early last week, rising to RMB 142,000-144,500/mt, but dropped later to RMB 141,000-142,000/mt due to sluggish demand. Prices of Yunnan Tin Group’s products held firm at RMB 144,000/mt given limited supply. Low-priced goods were also rare since many smelters in Jiangxi province have not resumed production. However, low goods availability failed to push up prices since consumption remained soft.