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LME Tin Price to Rise in 1Q 2015, Says SMM

iconNov 26, 2014 14:46
Source:SMM
LME tin price is expected to move in the $19,000-23,000 per tonne in 2015, Shanghai Metals Market foresees.

SHANGHAI, Nov. 26 (SMM) – LME tin price is expected to move in the $19,000-23,000 per tonne in 2015, Shanghai Metals Market foresees. 

“LME tin will likely rebound during Q1 2015, and range $19,000-23,000 per tonne for the whole year,” Wu Xiaofeng, SMM’s tin analyst said at 2014 SMM China Metals Summit on Nov. 23-24. 

In China’s domestic tin spot market, price will come under pressure from supply surplus, and is expected to average 140,000 yuan per tonne for the year, she added at the summit in Shanghai. 

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