SMM Daily Review - 2012/1/6 Tin Market-Shanghai Metals Market

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SMM Daily Review - 2012/1/6 Tin Market

SMM Insight 08:44:36AM Jan 09, 2012 Source:SMM

SHANGHAI, Jan. 9 (SMM) – Spot tin prices rose further to RMB 162,000-163,000/mt last Friday in Shanghai and tremendous quotations at RMB 163,500/mt were also heard. Tight supply and higher quotations were major drivers during the day. Deals concluded below RMB 162,000/mt were seen in the morning. However, after ex-works prices of Yunxi branded tin were lifted to RMB 162,000/mt, prices of other tin brands quickly climbed on tight supply, hitting the highest RMB 163,500/mt of the day. Mainstream spot tin brands were Yunxi, Yunxiang and Kaiyuan. Tin futures traded during the day were mainly of the Jinhai brand. Stock replenishment demand also helped push up tin prices of the day. The overall traded volume was moderate.

SMM Daily Review - 2012/1/6 Tin Market

SMM Insight 08:44:36AM Jan 09, 2012 Source:SMM

SHANGHAI, Jan. 9 (SMM) – Spot tin prices rose further to RMB 162,000-163,000/mt last Friday in Shanghai and tremendous quotations at RMB 163,500/mt were also heard. Tight supply and higher quotations were major drivers during the day. Deals concluded below RMB 162,000/mt were seen in the morning. However, after ex-works prices of Yunxi branded tin were lifted to RMB 162,000/mt, prices of other tin brands quickly climbed on tight supply, hitting the highest RMB 163,500/mt of the day. Mainstream spot tin brands were Yunxi, Yunxiang and Kaiyuan. Tin futures traded during the day were mainly of the Jinhai brand. Stock replenishment demand also helped push up tin prices of the day. The overall traded volume was moderate.