Production Halts to Strengthen Shanghai Tin Prices

Published: Apr 22, 2015 15:48

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Shanghai tin prices are expected to get a boost from production suspension in Jiangxi, Shanghai Metals Market expects.

SHANGHAI, Apr. 22 (SMM) – Shanghai tin prices are expected to get a boost from production suspension in Jiangxi, Shanghai Metals Market expects.

“Supply of cheap resources will fall in response to the news of closures in Jiangxi, and Shanghai tin prices will be supported should LME tin prices keep rebounding or hold stable,” SMM’s tin analyst said.

According to SMM sources, three tin smelters in Nankang City, Jiangxi Province, will close for one week for provincial leaders inspections.

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