SMM Tin Weekly Price Review and Forecast (Mar. 9-13, 2015)

Mar 9, 2015 17:08

Source:SMM

Tin prices in Shanghai spot market fell to RMB 122,500-126,000/mt early last week due to falling LME tin and weak domestic demand.

SHANGHAI, Mar. 9 (SMM) – Tin prices in Shanghai spot market fell to RMB 122,500-126,000/mt early last week due to falling LME tin and weak domestic demand. But prices stabilized later in the week, as downstream demand picked up and LME tin rebounded. Traders entered the market to stockpile goods in the belief that prices will not continue falling.

Smelters are optimistic that prices will rise slightly this week as demand fully recovers.

Shanghai tin prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Tin Weekly Price Review and Forecast (Mar. 9-13, 2015)

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