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Home / Metal News / SMM Daily Review - 2011/6/8 Tin Market

SMM Daily Review - 2011/6/8 Tin Market

iconJun 9, 2011 08:58
Source:SMM

SHANGHAI, Jun. 9 (SMM) – In China’s domestic tin markets, spot prices continued to fall significantly to below RMB 200,000/mt on Wednesday after some cargo-holders dumped goods at low price. Nanshan, Kaiyuan branded tin and tin from Hunan province traded between RMB 198,500-199,500/mt, with some transactions for tin from Yunnan Tin Group made between RMB 203,500-204,000/mt. With strong bearish sentiment, cargo-holders were constantly lowering offers, but transactions failed to improve, due to tight capital and weak consumption at downstream producers. Generally, spot tin prices are on a downward track.

 

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