SMM Daily Review - 2011/8/31 Tin Market

SHANGHAI, Sept. 1 (SMM) – Market supplies in Shanghai tin market remained limited due to strong wait-and-see sentiment among goods holders in consideration of production cost and unstable LME tin prices. On the other side, traders and downstream buyers were also cautious towards purchases while waiting for non-farm payroll data from the US. Mainstream Nanshan, Yunxi and Tianti branded tin was mainly traded between RMB 194,500-196,500/mt. Yunheng branded tin won’t enter the market until its arrival in Shanghai during next week, and its RMB 196,000/mt quote was also a little bit high among mainstream trading prices. Market transactions remained sluggish during the day.