SMM Daily Review – 2011/9/14 Tin Market

SHANGHAI, Sept. 15 (SMM) – After lower-priced Jiangxi tin brands gradually entered the market this week, prices of mainstream Nanshan, Kaiyuan and Jinlong branded tin dropped to near RMB 192,000/mt, and other branded tin including Yunxi and Yunheng traded between RMB 195,000-196,000/mt. As fluctuation continues in LME tin price, smelters previously holding goods for higher prices gradually increased supplies, which dragged down mainstream traded prices. However, market transactions remained sluggish despite lower prices.