SMM Tin Market Daily Review (2014-6-16)

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.