SMM Daily Review - 2011/6/8 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2011/6/8 Tin Market

SMM Insight 08:58:53AM Jun 09, 2011 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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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 Sn 

SMM Daily Review - 2011/6/8 Tin Market

SMM Insight 08:58:53AM Jun 09, 2011 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.

 

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 Sn