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SMM Daily Review - 2011/10/12 Tin Market
Oct 13,2011 09:15CST
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Source:SMM
Spot tin prices dropped in Shanghai on October 12th due to losses in LME tin prices and increased supply after imported tin gradually entered the market.

SHANGHAI, Oct. 13 (SMM) – Spot tin prices dropped in Shanghai on October 12th due to losses in LME tin prices and increased supply after imported tin gradually entered the market. Mainstream tin brands during the day were Yunxi, Yunxiang, Feidie and Nanshan, with mainstream traded prices of RMB 184,000-186,000/mt. The quotation of Feidie branded tin dropped to RMB 183,500/mt in the afternoon. Domestic supply in the market was relatively tight as most domestic smelters were still unwilling to move goods. Meanwhile, with dropping prices, the wait-and-see sentiment gained strength again among downstream buyers. Market transactions were sparse as a result of rare purchases and tight supply.

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