SMM Tin Weekly Price Review and Forecast (Apr. 14-18, 2014)

SHANGHAI, Apr. 14 (SMM) – In Shanghai physical tin market, mainstream traded prices followed LME tin up to RMB 140,000-141,000/mt last Friday. Goods below RMB 140,000/mt were rarely found. Rising LME tin allowed smelters in China to hold back goods low prices. Second- and third-tier brand tin was quickly sold out. Goods consisted largely of first-tier brand tin from Yunnan by Thursday. However, prices of first-tier brand tin gained less than other brands. Rising prices prompted some downstream producers to enter the market. Overall trading was modest.