Tight Supply to Support Tin Prices, SMM Says

Published: Jun 9, 2015 16:39

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Tin prices in China’s domestic market are expected to get a support from supply tightness, Shanghai Metals Market foresees.

SHANGHAI, Jun. 9 (SMM) – Tin prices in China’s domestic market are expected to get a support from supply tightness, Shanghai Metals Market foresees.

“Recent production cuts at some major domestic tin producers have tightened market supply, and this will support tin prices,” SMM’s tin group says.

It is reported that Yunnan Tin Group and China Tin Group, closing for near a month, begin to restart production, and resumption at other smelters after environment issues, is also heard.

It will take some time for those producers to run at normal, so supply tightness will not ease significantly in the short term, SMM explains.

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