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SMM Morning Review - 2011/12/28 Tin Market
Dec 28, 2011 09:13Source:SMM
In domestic tin spot market, it is expected that spot tin prices will remain stable between RMB 158,000-159,500/mt on Wednesday.
SHANGHAI, Dec. 28 (SMM) -- The latest economic data from the US were mixed, weighing on market. Concern over possible financial crisis in the Europe and economic slowdown in China continue to weigh on market sentiment. SMM expects that LME tin prices will continue to fluctuate and will test sustainability at USD 19,000/mt. In domestic tin spot market, it is expected that spot tin prices will remain stable between RMB 158,000-159,500/mt on Wednesday.
tin; tin price; LME tin price; spot tin price; European debt crisis; US dollar; euro; Dec. 28; in the Shanghai tin spot market;
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