SHANGHAI, Jul. 21 (SMM) – In Shanghai tin spot markets, prices posted slight gains on Wednesday, boosted by sharp rises in the LME tin market. Mainstream traded prices for tin from Yunnan Tin Group, Yunheng and Yunxiang brands were RMB 202,800-203,500/mt, while some minor brands such as Nanshan and Jinlong etc. traded at RMB 202,500/mt. Quotations in the morning reached as high as RMB 204,000/mt and even higher, but weak consumption decided the actual traded prices to improve only slightly. Besides, major smelters also raised their ex-works prices, supporting spot prices. Brand variety shows a sign of increase, which may help ease the market shortage.
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