SMM Tin Weekly Price Review and Forecast (Mar. 23-27, 2015)

Published: Mar 23, 2015 16:57

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In Shanghai spot tin market, trading was brisk last Monday, leaving most deals done between RMB 120,500-121,500/mt.

SHANGHAI, Mar. 23 (SMM) – In Shanghai spot tin market, trading was brisk last Monday, leaving most deals done between RMB 120,500-121,500/mt. However, restocking activity was completed the next day, dragging prices down. Prices fell as much as RMB 750/mt last Wednesday as falling LME tin triggered strong pessimism. Trading ground to a virtual halt last Thursday, but picked up slightly last Friday, with prices reported between RMB 118,500-121,000/mt. Tin prices closed last week down RMB 2,250/mt.

Shanghai tin prices

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

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