SMM Daily Review - 2010/1/13 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2010/1/13 Tin Market

SMM Insight 11:44:06AM Jan 14, 2010 Source:SMM

SHANGHAI, Jan. 14 (SMM) -- On Tuesday night, LME tin prices set a new high at USD 18,350/mt before declining down significantly. Prices closed with  decline at USD 17,690, but were still above 5-day moving average. On Wednesday, LME tin prices fluctuated around USD 17,500/mt and will be on downward track.

In the Shanghai tin market, cargo-holders were still reluctant to move goods, and traders still kept offers firm at RMB 140,000/mt. Supply of goods was limited in the market, and transactions were also few with traded price at RMB 138,000/mt. Whether tin prices would climb or not shall depend on the direction from LME tin prices, as well as price acceptance from downstream consumers.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  Tin price  tin Sn 

SMM Daily Review - 2010/1/13 Tin Market

SMM Insight 11:44:06AM Jan 14, 2010 Source:SMM

SHANGHAI, Jan. 14 (SMM) -- On Tuesday night, LME tin prices set a new high at USD 18,350/mt before declining down significantly. Prices closed with  decline at USD 17,690, but were still above 5-day moving average. On Wednesday, LME tin prices fluctuated around USD 17,500/mt and will be on downward track.

In the Shanghai tin market, cargo-holders were still reluctant to move goods, and traders still kept offers firm at RMB 140,000/mt. Supply of goods was limited in the market, and transactions were also few with traded price at RMB 138,000/mt. Whether tin prices would climb or not shall depend on the direction from LME tin prices, as well as price acceptance from downstream consumers.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  Tin price  tin Sn