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SMM Tin Market Daily Review (2014-4-28)
Apr 29,2014 08:34CST
price review forecast
Source:SMM
In Shanghai physical tin market, mainstream traded prices were essentially unchanged at RMB 141,500-142,500/mt on Monday.

SHANGHAI, Apr. 29 (SMM) – In Shanghai physical tin market, mainstream traded prices were essentially unchanged at RMB 141,500-142,500/mt on Monday. Downstream producers increased raw material purchases slightly ahead of the upcoming three-day holiday. Goods available in the market came largely from Yunnan.

An overwhelming 80% of the market players surveyed by SMM see spot tin prices in China little changed between RMB 141,500-142,500/mt this week. First, investors will stay alert ahead of US non-farm employment report and the Fed’s policy decision, which will keep LME tin in check. Second, falling supply of second- and third-tier brand tin will put a floor under prices, while weak downstream demand will prevent prices from rising.  

Another 10% believe downstream demand will pick up ahead of the three-day holiday, which will push prices up.

The remaining 10% are bearish that LME tin will fall back, which will drag spot tin prices in China down as well.  
 

 

Shanghai tin prices

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