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Home / Metal News / SMM Daily Review – 2011/8/10 Tin Market

SMM Daily Review – 2011/8/10 Tin Market

Aug 11, 2011 08:48

Source:SMM

SHANGHAI, Aug. 10 (SMM) – Spot tin prices in Shanghai stood steady at RMB 190,000/mt on August 10th supported by rebounding LME tin prices,

SHANGHAI, Aug. 11 (SMM) – Spot tin prices in Shanghai stood steady at RMB 190,000/mt on August 10th supported by rebounding LME tin prices, market transactions also improved. Mainstream trading prices during the day were between RMB 190,000-193,000/mt, mainstream trading brands were Yunxi, Yunheng and Nanshan. Market players said wait-and-see attitude was strong in the morning since rebounding of LME tin prices was relatively low. In the afternoon, after LME tin prices rose further, both market transactions and trading prices rose. For instance, Yunxi branded tin was traded at RMB 192,000/mt in the morning and transactions at RMB 193,000/mt were reported in the afternoon. Limited by weak downstream consumption, rebounding of domestic tin prices was relatively slow compared with LME tin prices.

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