SHANGHAI, Jul. 22 (SMM) – In Shanghai physical tin market, mainstream traded prices rebounded to RMB 138,000-140,000/mt on Monday. Demand picked up slightly, allowing prices to stage a mild rally.
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. On the supply side, some smelters are conducting facility maintenance, cutting into goods available for sale. On the demand side, soldering industry has entered its offseason, depressing demand for tin. In this scenario, tin prices will probably remain stable.
Another 25% are worried that weak LME tin and lackluster demand in China will weigh domestic tin prices down.
The remaining 15% are bullish that falling supply in China will drive tin prices up.