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

Mar 23, 2015 08:57

Source:SMM

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

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

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