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SMM Tin Market Daily Review (2014-7-14)
Jul 15,2014 09:07CST
price review forecast
Source:SMM
In Shanghai physical tin market, mainstream traded prices were RMB 138,000-139,500/mt on Monday.
SHANGHAI, Jul. 15 (SMM) – In Shanghai physical tin market, mainstream traded prices were RMB 138,000-139,500/mt on Monday. Demand was soft, especially demand for top brand goods. As a result, the high-end price lost RMB 500/mt. 
 
60% of the market players surveyed by SMM expect tin prices in Shanghai to hold largely stable between RMB 138,000-140,000/mt this week. They understand that smelters will keep low production against raw material shortage, which will prevent prices from falling. 
 
Another 25% are worried that persistently lackluster downstream demand will send tin prices in Shanghai down to RMB 137,500/mt this week. 
 
The remaining 15% believe that LME tin will stage a technical rebound, which will drive tin prices in Shanghai up as well.   
 
 
 
 
Shanghai tin prices

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