SHANGHAI, Aug. 12 (SMM) – Spot tin prices rose further in Shanghai on August 11th supported by rebounding LME tin prices. Mainstream trading prices during the day were between RMB 190,500-193,000/mt, main trading brands were Yunxi, Yunheng and Kaiyuan. A trading price of RMB 193,500/mt was also reported for small volumes of Yunxi branded tin. As spot tin prices showed an upward trend, hesitating purchasers gradually started purchases worrying tin prices may rose further. Market transactions were moderate, however, as a result of weak consumption. Supplies from smelters remained limited, as rebounding of tin prices was slow. Recent raw material shortages in some smelters have also dampened overall tin supply.
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