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Home / Metal News / SMM Daily Review - 2011/11/16 Tin Market

SMM Daily Review - 2011/11/16 Tin Market

Nov 17, 2011 08:54

Shanghai spot tin prices slipped a little bit on November 16th following losses in LME tin prices.

SHANGHAI, Nov. 17 (SMM) – Shanghai spot tin prices slipped a little bit on November 16th following losses in LME tin prices. Mainstream Yunxi, Yunheng, Yunxiang and Jinlong branded tin was traded between RMB 177,000-179,500/mt. Nanshan branded tin was traded at RMB 176,000/mt. Imported tin continued to enter the domestic market, thereby eroding demand for domestic tin. SMM expects domestic tin prices to slip further as demand will remain weak even after imported tin is consumed.

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Shanghai spot tin

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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