Metals News
SMM Daily Review – 2012/1/4 Tin Market
smm insight

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.

tin price
spot tin
Chinese New Year
stock replenishment
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