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SMM Daily Review – 2011/10/11 Tin Market
Oct 12,2011 08:59CST
price review forecast
Source:SMM
Shanghai spot tin was traded between RMB 187,000-188,500/mt in the morning on October 11th, and RMB 186,500-187,000/mt in the afternoon.

SHANGHAI, Oct. 12 (SMM) – Shanghai spot tin was traded between RMB 187,000-188,500/mt in the morning on October 11th. In the afternoon, after LME prices slipped, and with arrivals of imported tin in Shanghai, traded prices of the metal dropped to RMB 186,500-187,000/mt. Mainstream tin brands during the day included Feidie, Yunxi, Yunxiang, Kaiyuan and Nanshan etc. Based on the day’s trading, we conclude that Shanghai spot prices will not have much upward space at the moment. We expect that successive arrivals of imported tin following the National Day holiday will weigh on spot prices. Meanwhile, if smelters chose to gradually lower their accumulated stocks, the metal may face even stronger pressure.

Shanghai tin price

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