SMM Daily Review - 2011/12/29 Tin Market

SHANGHAI, Dec. 30 (SMM) – Due to reduced supply, a few traders in Shanghai were unwilling to move goods on Dec. 29 and more market players expect tin prices to rise. The tight supply eased after Yunshan branded tin entered the market, which traded between RMB 158,300-158,500/mt. Yunxi and Yunheng branded tin traded between RMB 158,300-159,000/mt. Branded tin from Jiangxi was traded near RMB 158,000/mt. The traded volume stayed limited, though. At present market players diverged on future tin prices, with some expecting gains from tight supply and some forecasting losses due to volatile LME tin prices and weak domestic demand.