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SMM Daily Review – 2011/9/2 Tin Market
Sep 5,2011 09:10CST
price review forecast
Source:SMM
Spot tin transactions turned sluggish again on September 2nd, with mainstream tin brands Yunxi, Yunheng and Nanshan etc. mainly trading between RMB 196,000-197,000/mt.

SHANGHAI, Sept. 5 (SMM) – Spot tin transactions turned sluggish again on September 2nd following LME tin prices’ gain-stop on previous day and un-inspiring movements on the day followed. Trading prices were relatively high in the morning, with mainstream tin brands Yunxi, Yunheng and Nanshan etc. mainly traded between RMB 196,500-197,000/mt. In the afternoon, however, goods holders lowered their quotes due to sluggish transactions, with mainstream trading prices falling to RMB 196,000-196,300/mt. But this move was ill-responded and transactions in the afternoon remained sluggish. Though remaining limited market supply can provide some support, weak consumption and inflow of imported tin will erode market demand, thereby making it difficult for domestic tin prices to rise.

tin price

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