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Home / Metal News / SMM Daily Review – 2011/7/28 Tin Market

SMM Daily Review – 2011/7/28 Tin Market

Jul 29, 2011 08:51

Source:SMM

SHANGHAI, Jul. 29 (SMM) – Tin prices were kept stable in Shanghai on July 28th. Though LME aluminum prices stood steady and

SHANGHAI, Jul. 29 (SMM) – Tin prices were kept stable in Shanghai on July 28th. Despite LME aluminum prices stood steady and gradually rose towards USD 29,000/mt, no significant rise of domestic tin prices was seen, with mainstream traded prices remaining between RMB 205,500-206,500/mt. Mainstream traded tin brands were Yunxi, Yunheng, Nanshan and Jinlong during the day. Though quotes of tin prices hit RMB 207,000/mt in the morning, market transactions were not significantly changed mainly due to seasonal weak consumption. Sluggish market transactions in turn dampened upward momentum of tin prices. Even though smelters have been keeping their quotes firm, its power to push up tin prices is relatively limited.

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