SMM Tin Weekly Price Review and Forecast (Mar. 3-7, 2014)

SHANGHAI, Mar. 3 (SMM) – In Shanghai spot tin market, prices dropped to RMB 139,500/mt on lackluster demand last Monday, but followed LME tin up the next day. Mainstream traded prices rose to RMB 142,000-144,000/mt Thursday morning, though demand remained slack. However, the low-end price drifted lower to RMB 141,500/mt last Friday as gains in LME tin prices slowed down last Thursday. Goods available on the market were limited in the first half of the week and consisted largely of primary brands. Lower-priced goods began to flow in during the second half of the week, but consumption remained sluggish. Smelters in Jiangxi have brought idled capacity back online since environmental protection inspections there have ended.