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SMM Daily Review - 2011/6/8 Tin Market
Jun 9,2011 08:58CST
smm insight

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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