SMM Daily Review - 2011/6/27 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2011/6/27 Tin Market

SMM Insight 09:05:39AM Jun 28, 2011 Source:SMM

SHANGHAI, Jun. 28 (SMM) –In Shanghai tin spot markets, prices continued to fall on Monday. Despite signs of stabilizing LME tin prices, domestic prices still kept falling due to continuously weak consumption, only with a slower pace. Transactions for Yunxiang and Nanshan branded tin were made at RMB 190,500-190,700/mt, and some tin from Yunnan Tin Group traded between RMB 191,000-193,000/mt, with mainstream prices approaching RMB 190,000/mt. Transactions remained muted on Monday.

76% of market players believe tin prices will continue to fall this week, due to unstable LME tin prices still struggling at USD 25,000/mt, and due to a stronger US dollar index. What’s more, LME tin prices likely drop further over the near term, which should weigh down on base metals. 20% of market players predict domestic prices to kept fluctuating at current levels in the short term, with support above RMB 190,000/mt.


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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 

Price

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#1 Refined Cu
Jul.23
47310.0
-300.0
(-0.63%)
Standard-Grade Copper
Jul.23
47290.0
-295.0
(-0.62%)
High-Grade Copper
Jul.23
47325.0
-305.0
(-0.64%)
Guixi copper
Jul.23
47335.0
-305.0
(-0.64%)
Low-quality copper
Jul.23
47215.0
-335.0
(-0.70%)

SMM Daily Review - 2011/6/27 Tin Market

SMM Insight 09:05:39AM Jun 28, 2011 Source:SMM

SHANGHAI, Jun. 28 (SMM) –In Shanghai tin spot markets, prices continued to fall on Monday. Despite signs of stabilizing LME tin prices, domestic prices still kept falling due to continuously weak consumption, only with a slower pace. Transactions for Yunxiang and Nanshan branded tin were made at RMB 190,500-190,700/mt, and some tin from Yunnan Tin Group traded between RMB 191,000-193,000/mt, with mainstream prices approaching RMB 190,000/mt. Transactions remained muted on Monday.

76% of market players believe tin prices will continue to fall this week, due to unstable LME tin prices still struggling at USD 25,000/mt, and due to a stronger US dollar index. What’s more, LME tin prices likely drop further over the near term, which should weigh down on base metals. 20% of market players predict domestic prices to kept fluctuating at current levels in the short term, with support above RMB 190,000/mt.


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