SMM Daily Review - 2012/1/13 Tin Market

SMM Insight 09:09:03AM Jan 16, 2012 Source:SMM

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.

SMM Daily Review - 2012/1/13 Tin Market

SMM Insight 09:09:03AM Jan 16, 2012 Source:SMM

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.