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SMM Daily Review - 2011/9/28 Tin Market
Sep 29,2011 09:06CST
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Source:SMM
Spot tin prices were little changed in Shanghai on September 28th as weak consumption prevented further gains of the metal.

SHANGHAI, Sept. 29 (SMM) – Spot tin prices were little changed in Shanghai on September 28th as weak consumption prevented further gains of the metal. Mainstream tin brands during the day were Yunxi, Yunheng and Nanshan, with mainstream traded prices of RMB 180,000-182,500/mt. Market transactions were moderate. Branded tin from Jiangxi was almost consumed on the previous trading day and Yunnan tin brands were mainly seen on September 28th. Though lower end prices of the metal have slightly climbed during recent two days of trading, higher end prices were little changed due to weak downstream demand. As LME tin failed to climb further, the wait-and-see attitude again gained strength at downstream enterprises. Meanwhile, as domestic demand fell short of previous years and with arrival of imported tin at downstream, the demand for domestic tin dropped as a result.

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