SMM Daily Review - 2011/9/7 Tin Market

SHANGHAI, Sept. 8 (SMM) – Spot tin prices in Shanghai were generally stable on September 7th. Mainstream tin brands in the morning were Yunxi, Yunheng, Yunxiang, Kaiyuan, Jinlong and Lvsexinan, with mainstream trading prices of RMB 194,800-196,800/mt. A relatively huge amount of Nanshan branded tin arrived in the spot market in the afternoon, which were purchased by traders and then sold again mostly at RMB 194,500/mt, adding to lower-priced goods in the market. Market transactions remained sluggish during the day. With successive arrivals of imported tin at downstream enterprises, domestic tin consumption or price may be dragged down in the near future.