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SMM Daily Review – 2011/7/26 Tin Market
Jul 27,2011 08:54CST
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Source:SMM
SHANGHAI, Jul. 27th (SMM) – As spot tin prices lost more upward momentum during the low-demand season, goods holder were little interested for trading

SHANGHAI, Jul. 27th (SMM) – As spot tin prices lost more upward momentum during the low-demand season, goods holder were little interested for trading, market transactions were sluggish as a result. Thought LME tin prices closed lower overnight, spot tin prices in Shanghai tin markets were little changed from the previous day. Mainstream traded tin brands were Yunxi, Yunheng and Nanshan. Supply of Yunxiang and Guangsheng branded tin was also reported, but transactions were rare. Mainstream traded prices were RMB 205,500-206,500/mt. In the afternoon, a few quotes of Nanshan branded tin for capital were reported. In order to reach a deal, these quotes were moderately lowered to RMB 205,000/mt. Most smelters have kept their quotes firm and only supplied at small volumes, which will support tin prices in the short term.


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