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SMM Daily Review - 2011/6/16 Tin Market
Jun 17, 2011 09:02SHANGHAI, Jun. 17 (SMM) – In Shanghai tin spot markets, prices keeping firm during the daily session returned on a downward track on Thursday, dragged by sharp declines in the overnight LME tin market. Prices for Yunxiang, Nanshan, Kaiyuan as well as tin from Hunan province were between RMB 191,500-192,000/mt; with some tin from Yunnan Tin Group traded at RMB 196,500/mt. Generally, transactions remained weak on Thursday. Most transactions were made for tin from Jiangxi province; while transactions for goods from Yunnan province were limited, due to high price levels and low market supply from smelters production cuts.
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