SMM Daily Review – 2011/8/4 Tin Market

Aug 5, 2011 08:54

SHANGHAI, Aug. 5 (SMM) – After LME tin prices fell for a fifth consecutive day with the falling trend unchanged,

SHANGHAI, Aug. 5 (SMM) – After LME tin prices fell for a fifth consecutive day with the falling trend unchanged, spot tin prices in Shanghai also slipped continuously on August 4th. Mainstream traded brands were Yunxi and Nanshan, with trading prices between RMB 202,300-203,500/mt. Continuous falling of tin prices led to stronger wait-and-see attitude among purchasers, and market transactions turned even more sluggish. EXW quote of Yunxi branded tin was lowered to RMB 208,000/mt, but still higher than mainstream market price. In a nutshell, falling pace of tin prices was relatively slow supported by limited supply.

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SMM Daily Review – 2011/8/4 Tin Market

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