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SMM Daily Review - 2011/9/27 Tin Market
Sep 28,2011 08:55CST
price review forecast
Source:SMM
Supported by the rebound in LME tin prices, domestic tin prices climbed to RMB 179,500-182,000/mt in the afternoon on September 27th.

SHANGHAI, Sept. 28 (SMM) – Supported by the rebound in LME tin prices, domestic tin prices climbed to RMB 179,500-182,000/mt in the afternoon on September 27th. Mainstream tin brands during the day were Yunxi, Yunheng, Yunshan, Jinlong and Kaiyuan etc. The unexpected rebound in LME tin prices also boosted some domestic smelters’ enthusiasm to move goods. For instance, Jiangxi tin brands which were not seen on previous trading day appeared in the market. However, most smelters were still unwilling to move goods, with no significant increase seen in market supply. LME tin prices climbed due to concerns that supply from Indonesia may drop, but market players suspect it is only a speculative rumor, and therefore remain cautious towards tin prices during the National Day holiday.

tin price

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