SMM Daily Review – 2012/1/4 Tin Market-Shanghai Metals Market

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SMM Daily Review – 2012/1/4 Tin Market

SMM Insight 08:46:53AM Jan 05, 2012 Source:SMM

SHANGHAI, Jan. 5 (SMM) – Shanghai spot tin prices climbed a little bit on Wednesday, with mainstream Yunxi, Yunshan and Jinhai trading between RMB 159,000-160,000/mt and deals below RMB 159,000/mt rarely seen. The low selling interest of Jiangxi-based smelters had led to a further cut in lower-priced supply and some holders unwilling to move goods hiked quotations, leading to higher tin prices of the day. The traded volume was moderate and stock replenishment interest was low despite of the nearing Chinese New Year.

SMM Daily Review – 2012/1/4 Tin Market

SMM Insight 08:46:53AM Jan 05, 2012 Source:SMM

SHANGHAI, Jan. 5 (SMM) – Shanghai spot tin prices climbed a little bit on Wednesday, with mainstream Yunxi, Yunshan and Jinhai trading between RMB 159,000-160,000/mt and deals below RMB 159,000/mt rarely seen. The low selling interest of Jiangxi-based smelters had led to a further cut in lower-priced supply and some holders unwilling to move goods hiked quotations, leading to higher tin prices of the day. The traded volume was moderate and stock replenishment interest was low despite of the nearing Chinese New Year.