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SMM Daily Review - 2011/9/21 Tin Market
Sep 22,2011 08:56CST
price review forecast
Source:SMM
Spot tin price in Shanghai continued to drop on September 21st as LME tin price was falling near previous low and imported tin eroded the already weak domestic consumption.

SHANGHAI, Sept. 22 (SMM) – Spot tin price in Shanghai continued to drop on September 21st as LME tin price was falling near previous low and imported tin eroded the already weak domestic consumption. Prices of branded tin from Jiangxi dropped to RMB 189,000-190,000/mt. Yunheng branded tin traded between RMB 191,000-192,000/mt. Yunxi branded tin traded between RMB 194,000/mt. Continuously dropping spot prices also damped smelters’ confidence to hold price. Market transactions, however, remained sparse despite continuously sliding prices.

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