SMM Daily Review – 2012/1/31 Tin Market

SHANGHAI, Feb. 1 (SMM) – Domestic tin smelters have been delaying goods movements as some raw material suppliers were still in vocation, leading to a strong wait-and-see sentiment in the Shanghai tin market. Goods holders were continually lifting quotations despite of light trading volumes. Tight supply had left downstream businesses little alternative. More tin brands were seen during the day’s trading but deals were quite limited. Jinlong, Feidie, Yunheng, Yunshan and Yunxi branded tin traded between RMB 184,000-185,500/mt.