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SMM Daily Review – 2011/11/4 Tin Market
Nov 7,2011 08:57CST
price review forecast
Source:SMM
Shanghai spot tin prices were little changed from the previous trading day on November 4th. Mainstream Yunxi, Yunheng and Feidie branded tin was traded between RMB 179,500-181,500/mt.

SHANGHAI, Nov. 7 (SMM) – Shanghai spot tin prices were little changed from the previous trading day on November 4th. Mainstream Yunxi, Yunheng and Feidie branded tin was traded between RMB 179,500-181,500/mt. Though market supply remained limited, no shortage was seen due to the weak demand. The price gap between domestic and overseas tin prices slightly narrowed, leading to lower profit levels for tin import. Traders’ pricing interest plunged as a result. Tin previously imported through pricing was gradually arriving in the domestic market, however, building pressure for domestic tin prices. The wait-and-see attitude still prevailed among most domestic smelters. Only a few were willing to move goods at prices lower than RMB 180,000/mt.

tin price
Shanghai spot tin
imported tin

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