SMM Tin Weekly Price Review and Forecast (Jun. 16-20, 2014)

Jun 16, 2014 13:31

In Shanghai physical tin market, prices followed LME tin down, with mainstream traded prices falling to RMB 138,000-139,500/mt last Friday.

SHANGHAI, Jun. 16 (SMM) – In Shanghai physical tin market, prices followed LME tin down, with mainstream traded prices falling to RMB 138,000-139,500/mt last Friday. Falling LME tin fueled bearish sentiment among downstream producers. This, combined with the off-season, kept most buyers out of the market. However, some smelters held offers firm, preventing prices from dropping sharply.

Shanghai tin prices

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SMM Tin Weekly Price Review and Forecast (Jun. 16-20, 2014)

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