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Home / Metal News / SMM Daily Review – 2011/7/29 Tin Market

SMM Daily Review – 2011/7/29 Tin Market

Aug 1, 2011 08:47

Source:SMM

SHANGHAI, Aug. 1 (SMM) –Tin prices fell on July 29th as a result of weak upward momentum of LME prices and weak consumption

SHANGHAI, Aug. 1 (SMM) –Tin prices fell on July 29th as a result of weak upward momentum of LME prices and weak consumption. Nanshan and Jinlong branded tin was traded between RMB 204,600-205,000/mt, Yinsheng was traded between RMB 205,400/mt and Yunxi between RMB 206,000-206,300/mt. Overall market transactions were a little bit sluggish. Though some smelters who had been holding goods increased supplies, the traders’ purchasing interest was low as tin prices were expected to fall in the short term and consumption was weak.

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