SMM Daily Review - 2011/9/29 Tin Market

SHANGHAI, Sept. 30 (SMM) – Spot tin prices in Shanghai were little changed on September 29^th. Mainstream tin brands during the day were Yunxi, Yunshan and Yunheng, with mainstream traded prices of RMB 181,000-182,500/mt. Small volumes of Nanshan branded tin was also seen in the market, which traded between RMB 179,000-180,000/mt. Overall market transactions were sparse as downstream buyers were cautious towards future tin prices and therefore stood on sidelines. Both supply and demand was weak in the market, and tin price is expected to remain stable during this last trading day before the National Day holiday.