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SMM Tin Market Daily Review (2014-6-16)
Jun 17,2014 09:35
CSTprice review forecast
Source:SMM
In Shanghai physical tin market, mainstream traded prices were RMB 138,000-140,000/mt on Monday.
SHANGHAI, Jun. 17 (SMM) – In Shanghai physical tin market, mainstream traded prices were RMB 138,000-140,000/mt on Monday. Jinlong and Nanshan brand tin traded lower at RMB 137,900/mt as suppliers discounted against tight cash. Overall trading was thin.
70% of the market players surveyed by SMM expect spot tin prices in Shanghai to hold steady between RMB 138,000-140,000/mt this week. These market players believe that LME tin will stabilize or even stage a small rally following sharp losses earlier, preventing tin prices in Shanghai from falling.
The remaining 30% are bearish that tin prices in Shanghai will fall below RMB 138,000/mt as the off-season has arrived.
Shanghai tin prices
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