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SMM Daily Review - 2011/11/30 Tin Market
Dec 1,2011 09:07CST
smm insight
Source:SMM
Shanghai spot tin prices saw heavy losses on November 30th.

SHANGHAI, Dec. 1 (SMM) – Shanghai spot tin prices saw heavy losses on November 30th as continuous weakness in LME tin and poor macro environment damped goods holders’ confidence to hold prices and as a few smelters moved goods at lower prices due to capital pressure. Mainstream Yunheng, Yunshan, Tianti, Yunxiang and Nanshan branded tin was traded between RMB 168,500-169,500/mt. A lowest traded price of RMB 168,000/mt was reported during the day’s trading. Yunxi branded tin was quoted at RMB 171,000/mt but deals were hardly concluded. Due to weak demand, the traded volume remained limited despite of lower prices.

tin price
LME tin
Shanghai spot tin

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