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SMM Daily Review - 2011/12/1 Tin Market
Dec 2,2011 08:51CST
smm insight
Source:SMM
Shanghai spot tin prices saw further losses on December 1st.

SHANGHAI, Dec. 2 (SMM) – Shanghai spot tin prices saw further losses on December 1st, with Nanshan branded tin trading at RMB 166,500/mt and mainstream Yunxi, Yunshan, Yunxiang and Tianti branded tin trading between RMB 168,000-168,500/mt. The lowest price also slipped. Traded prices of branded tin from Yunnan slipped slightly from the previous trading day. Selling at lower prices due to capital pressures was the main driver of this continued drop. At present, spot tin prices are likely to slip further as there are no signs of improvement. Market demand did not show any sign of improvement either despite of lower prices. The overall demand remained weak.

tin price
Shanghai
spot tin
capital pressure

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