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Home / Metal News / SMM Daily Review - 2012/1/13 Tin Market

SMM Daily Review - 2012/1/13 Tin Market

iconJan 16, 2012 09:09
Goods holders successively lifted tin quotations last Friday following a surge in LME tin prices overnight.

SHANGHAI, Jan. 16 (SMM) – Goods holders successively lifted tin quotations last Friday following a surge in LME tin prices overnight. The quotation of Yunxi branded tin was lifted to RMB 175,000/mt. Deals were concluded mainly between RMB 170,000-172,000/mt, however, as downstream stock replenishments were almost finished and even as supply is tight. Most traders and downstream businesses will close this last week ahead of the Chinese New Year. SMM expects tin prices to remain stable this week supported by tight supply.

tin price
spot tin
LME tin
Chinese New Year
stock replenishment
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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