SMM Daily Review - 2011/9/20 Tin Market

SHANGHAI, Sept. 21 (SMM) – Spot tin price dropped again in Shanghai on September 20th, due to weak LME tin price and consumption. Yunxi branded tin traded between RMB 194,000-194,500/mt. Yunheng and Yunxiang branded tin traded between RMB 191,500-192,000/mt. Branded tin from Jiangxi traded near RMB 190,000/mt. Market transactions stayed quiet, however, despite falling prices. At present mainly Jiangxi tin brands were seen in the market, as smelters in Yunnan were unwilling to sell their goods. Secondary tin supply was also rarely seen in the market, market supplies therefore remained limited.