SMM Daily Review - 2011/12/14 Tin Market

SHANGHAI, Dec. 15 (SMM) – Spot tin prices did not see much change on December 14th in Shanghai. Only small volumes of Yunxiang branded tin traded at the lower range between RMB 158,500-158,800/mt. Mainstream traded prices of Yunxi, Yunxiang and Yunheng branded tin were between RMB 159,500-163,000/mt and the traded volume was slightly limited. Jiangxi tin brands, whose quotations were generally lower, were hardly seen this week, thereby leading to reduced lower-priced supply. Some smelters said they will hold goods at least until the Spring Festival holiday passes. At the moment LME tin is moving blind, causing a stronger wait-and-see sentiment in the market. Therefore, Shanghai spot tin prices may be able to consolidate at current levels in the near term.