SHANGHAI, Aug. 8 (SMM) – Market transactions of tin in Shanghai were quite sluggish on August 5th. As LME tin prices plunged and consumption was weak, tin prices fell below RMB 200,000/mt during the day. Yunxi and Yunheng branded tin was traded between RMB 200,000–203,000/mt. Mainstream traded prices of Nanshan and Feidie etc. branded tin were between RMB 199,500-200,000/mt. Wait-and-see attitude among downstream purchasers turned stronger with falling tin prices, and market transactions were rarely reported as a result. However, falling pace of tin prices was relatively slow supported by limited domestic resources. LME tin prices dropped by 12% during the week from August 1st to 5th, while domestic tin pries only fell by 1.65% during the same period.

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