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SMM Daily Review – 2011/8/25 Tin Market
Aug 26,2011 08:49CST
price review forecast
Source:SMM
Mainstream Yunxi, Yunheng, Guangsheng and Lvsexinan etc. branded tin mainly traded between RMB 193,500-195,500/mt. Market transactions remained sluggish due to weak consumption.

SHANGHAI, Aug. 26 (SMM) – Spot tin prices were little changed in Shanghai on August 25th, with mainstream Yunxi, Yunheng, Guangsheng and Lvsexinan etc. branded tin mainly traded between RMB 193,500-195,500/mt. Market transactions remained sluggish as downstream consumption was weak. Tin import was reported recently, but mainly imported by smelters and downstream consumers, therefore the amount of imported tin was limited in the tin market. The price gap between domestic and import tin is also leading to more tin imports, which will weigh on domestic tin consumption. With LME tin prices keep fluctuating, SMM believes tin futures prices are not likely to rise and may move downward slightly.

tin price

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