SMM Tin Weekly Price Review and Forecast (Apr. 8-11, 2014)

SHANGHAI, Apr. 8 (SMM) – In Shanghai physical tin market, prices fell to RMB 136,500-138,500/mt last Wednesday, but rebounded to RMB 137,000-139,000/mt the next day thanks to rising LME tin in the previous day and growing downstream demand. Mainstream traded prices rose further to RMB 137,500-139,500/mt last Friday as LME tin showed signs of upward momentum on Thursday night, but prices for top brand tin were resistant to rises. Second- and third-tier brand tin gained favor. Overall, downstream demand remained weak, and the price increase was largely the result of rising LME tin prices.