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SMM Daily Review - 2011/7/21 Tin Market
Jul 22,2011 09:38CST
smm insight
Source:SMM
In Shanghai tin spot markets, prices moved up on Thursday following rising LME tin prices overnight

SHANGHAI, Jul. 22 (SMM) – In Shanghai tin spot markets, prices moved up on Thursday following rising LME tin prices overnight, and traded prices climbed to RMB 203,200-204,500/mt. Tin from Yunnan Tin Group, Yunheng and Yunxiang brands traded at RMB 204,000-204,500/mt, while Nanshan brand and other brands from Guangdong traded at RMB 203,200-203,500/mt. The overall transactions remained quiet, due to depressed downstream buying interest from constantly falling prices. LME tin prices met resistance at USD 28,000/mt, and are expected to experience corrections around this level. In this context, domestic tin spot price growth should also be restricted, with prices possibly keeping fluctuating at high levels over the near term with weak consumption.


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